November 20, 2018 08:39
Hyundai Group chairwoman Hyun Jeong-eun admitted on Monday that the resumption of package tours to North Korea's Mt. Kumgang is unlikely any time soon.
Hyun had just returned from a two-day-trip to the mountain resort, which was opened up for tourism by her late husband while subsidiary Hyundai Asan ran the tours. Over 100 South Koreans joined Hyun there to celebrate the 20th anniversary of the tours.
In August, Hyun for some reason expressed hope that tours would resume before the year is up, despite international sanctions making that impossible, but stalled negotiations between Pyongyang and Washington make that an even more distant prospect.
Hyun said the North Koreans want to resume the tours as soon as possible but she had no detailed discussions about it. She added Hyundai is getting prepared so the tours could start right away once international sanctions are lifted.
The Hyundai Group is a different spinoff from the former family empire than the better-known Hyundai Motor and now mostly focuses on elevators and container services.
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