July 31, 2018 10:17
Hyundai Group chairwoman Hyun Jeong-eun will visit Mt. Kumgang in North Korea for the 15th anniversary of her husband's death on Saturday.
Chung Mong-hun, who developed the mountain resort during the thaw of the late 1990s, jumped to his death amid a corruption probe in 2003.
"The trip has been approved by North Korea's Asia-Pacific Peace Committee," package tour subsidiary Hyundai Asan said Monday. "We've also applied for approval from the Unification Ministry, which we think will be given soon."
Hyun is expected to make the trip on Friday with 15 executives and other staff to hold a memorial service at Mt. Kumgang. It will be her first visit to the North since December 2014.
Hyundai has held a memorial service at Mt. Kumgang every Aug. 4 since Chung's death. A monument at the mountain resort honors his leading role in economic projects in the North.
The group is run by a different branch of the founding family from the better-known carmaker.
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