According to the Korea Times, 02-10-2006, the Kumgang tourist zone is being expanded. Here are some stats:
- The Extended tour zone will reach Wonsan (Where the Japanese Chongryun ships come in)
- There are plans to finalize a “master plan” of development for the area (lakes, nursing homes, beaches).
- Since opening in 1998, 1.2 million south Koreans have visited
- Hyundai Asan hopes to channel 2.3 trillion won ($2.37 billion) into the project through domestic and foreign investors.
- Besides the tour-related issues, the two sides also agreed on a payment of $400,000 to the three victims of a traffic accident that happened late last year. It wish I could track that $400,000. It will end up in interesting places for sure. The accident happened on Dec. 27 in the tourist area, and North Korea called at first for at least $1 million in compensation. In an earlier traffic accident that killed a North Korean soldier in June 2001, $6,000 in compensation was paid.
This entry was posted on Wednesday, February 15th, 2006 at 7:46 pm and is filed under Chongryun, Foreign direct investment, Mt. Kumgang Tourist Special Zone. You can follow any responses to this entry through the RSS 2.0 feed.
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