N Korea 'to seize resort assets'

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  • xman
    Admin
    • Sep 2006
    • 24007

    N Korea 'to seize resort assets'


    North Korea is to seize five properties owned by South Korea at the Mount Kumgang tourist resort, reports say.The North says it will either take ownership of the facilities itself or hand them to a new tourism partner, the South's Yonhap news agency reports.

    Pyongyang had earlier scrapped a deal on the resort in the North, which had been developed by a firm from the South

    The moves comes as tensions rise over an unexplained blast which sank a South Korean ship, leaving more than 40 dead.

    The five facilities to be seized include a fire station, a duty free shop and a Red Cross-built centre to host family reunions, Yonhap said.

    The resort had been a lucrative source of income for North Korea, until Seoul suspended its tours after a South Korean tourist was shot dead in 2008.

    South Korea says it wants the killing - when the tourist allegedly strayed into a military area - properly investigated before it allows tours to resume.


    Last month, North Korea threatened to take "extraordinary measures" unless the South lifted its ban.This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.


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