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China Cracks Down on High Prices for Tourists

Posted February 24th, 2012 at 2:35 pm (UTC-5)
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Officials on the southern Chinese resort island of Hainan are vowing to toughen regulations on businesses that serve tourists, after a restaurant was forced to close because it allegedly misled and grossly overcharged customers during January’s week-long Spring Festival. State media reported that the Fulin seafood restaurant in the resort city of Sanya was forced […]

Tags: , , Posted in East Asia Pacific

North Korea Launches Joint Cruise Venture with China

Posted August 31st, 2011 at 9:50 am (UTC-5)
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North Korea has joined with Chinese investors to launch a cruise line aimed at carrying foreign tourists to a controversial North Korean seaside resort near its border with South Korea. The inaugural voyage of the cruise vessel, a converted cargo ship, arrived Wednesday at the Mount Kumgang resort carrying 130 Chinese passengers from the North […]

Tags: , Posted in East Asia Pacific

North Korea Launches Joint Cruise Venture with China

Posted August 31st, 2011 at 9:45 am (UTC-5)
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North Korea has joined with Chinese investors to launch a cruise line aimed at carrying foreign tourists to a controversial North Korean seaside resort near its border with South Korea. The inaugural voyage of the cruise vessel, a converted cargo ship, arrived Wednesday at the Mount Kumgang resort carrying 130 Chinese passengers from the North […]

Tags: , Posted in East Asia Pacific

Last South Korean Workers Leave Mount Kumgang

Posted August 23rd, 2011 at 3:10 am (UTC-5)
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South Korea says all its workers have left a mountain resort jointly operated with North Korea, one day after the North ordered them out and seized all South Korean assets at the facility. Operators of the Mount Kumgang resort said the 14 workers and two Chinese colleagues crossed into the South early Tuesday. Pyongyang announced […]

North Korea Seizes South Korean Assets at Joint Resort

Posted August 22nd, 2011 at 12:05 am (UTC-5)
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North Korea announced Monday that it has seized all South Korean assets at a jointly run resort and ordered all South Koreans to leave. The North’s official Korean Central News Agency said all South Korean employees must leave the country “within 72 hours” and they cannot take any assets from the Mount Kumgang resort. Fourteen […]

Tags: , Posted in East Asia Pacific

Koreas Fail to Settle Resort Dispute, Deadline Extended

Posted July 13th, 2011 at 8:45 am (UTC-5)
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North and South Korea failed to agree on the fate of $300 million in seized South Korean assets at a shuttered mountain resort in the North. A South Korean team, including Unification Ministry officials, journeyed to the Kumgang mountain resort Wednesday to try to stop Pyongyang from following through on threats to seize the resort […]

Tags: , Posted in East Asia Pacific

North Korean Deadline Looms for Disposal of Mt. Kumgang Assets

Posted July 11th, 2011 at 1:56 am (UTC-5)
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South Korean investors are facing a Wednesday deadline to avoid the threatened disposal of almost $300 million in assets at a shuttered mountain resort in North Korea. Pyongyang says it will dispose of the South Korean assets — which include hotels, restaurants and a golf course — if company officials do not visit the Mount […]

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