Pankov was born in 1910, in the village Shchekurye of Tobolsk province. At the beginning of the war, he volunteered for the front. There, somewhere on the Volkhov Front, the life of an original artist was cut short, whose paintings can now be seen in the Russian Museum, the Museum of the Arctic and Antarctic, the Tyumen Museum of Fine Arts, and private collections… Konstantin's father, a Nenets by nationality, moved to Shchekurya from Pechora, married a Mansi woman.
Konstantin was left without parents at an early age, he was raised in the family of his older brother Prokopy. Since childhood, he has been getting furs and fishing. But suddenly his life changed dramatically. In Pankov, who graduated only from parochial school, someone also saw a future business executive or party activist. Studying at the Moscow courses was not easy for Pankov. "I had to work very hard. I was reading all the time. When you come to class, every word is new, every word is unprecedented, which you have not heard before. By spring, I was very tired. It was very difficult to practice, it was easier to fish. I got into these courses completely illiterate." While studying, draw native lands from memory.
After the Moscow courses, Pankov went to study in Leningrad, at the Institute of the Peoples of the North. The Institute was located in the building of the former theological Academy on the territory of the Alexander Nevsky Lavra. Students from the northern hinterland studied there. In the 1920s, Leningrad became a genuine cultural capital for the indigenous peoples of the Far North and the Far East. The Northern Faculty of the Leningrad Oriental Institute (later transformed into an independent Institute of the Peoples of the North) paid great attention to the development of their talents. Art workshops were created there. Northern students who grew up in the tundra and taiga, for the first time picked up pencils and brushes, learned to sculpt from clay. Pankov found himself in the workshops in 1934. He was offered to draw native plots from memory. The pictures turned out to be bright, and everything from the daily life of a northerner: a hunter shoots birds, a fisherman catches red fish, green trees grow on the banks of the river, golden deer graze, red squirrels on the trees.
In 1937, the works of Northerners, including Pankov, decorated the Soviet pavilion in Paris. The 1937 World Exhibition of Arts and Technology was held in the French capital and went down in history as a review of human achievements on the eve of World War II. The Soviet exhibition collected 270 awards, 95 of them — the Grand Prix, 70 gold, 40 silver, 6 bronze medals, more than fifty diplomas. Tens of thousands of Parisians were amazed by the fine art of the peoples of the Far North. The jury of the exhibition awarded the Northerners, including Pankov, the Grand Prix gold medal.