UPDATE 1 (2013-3-28): NK News reports that Kempinski has officially pulled out of the deal: “Kempinski Hotels confirms that KEY International, its joint venture partner in China with Beijing Tourism Group (BTG), had initial discussions to operate a hotel in Pyongyang, North Korea, however no agreement has been signed since market entry is not currently … Continue reading Kempinski claims to [not] be taking over management of Ryugyong Hotel