Hyundai loses exclusive Mt. Kumgang tourism rights


According to official news agency KCNA, the government of the Democratic People’s Republic of Korea (DPRK) canceled South Korean Hyundai Group’s exclusive rights to operate tourism at Mt. Kumgang.

A spokesman for the Korea Asia-Pacific Peace Committee of the DPRK said in a statement the DPRK would now jointly operate Mt. Kumgang tourism with the Hyundai Group because South Korean authorities had unilaterally halted the operation for three years and rejected discussion with the DPRK on the issue.

Negotiations between the DPRK and Hyundai Group also failed because of blocking by South Korean authorities, the statement said. The DPRK had suffered great losses due to Mt. Kumgang’s inactivity for three years, it said.

The statement said tourism from the north of the Korean Peninsula would now be managed by the DPRK and possibly overseas operators, while tourism from the south would remain with the Hyundai Group.

Mt. Kumgang tour projects were launched in 1998, but were suspended in 2008 after a South Korean female tourist was shot and killed by the DPRK military.