February 22, 2024
News

Seoul reviewing legal action over North Korea’s removal of its floating hotel

Unification ministry says DPRK ‘infringed’ on ROK firms’ property rights by demolishing assets at Mount Kumgang resort

South Korea’s unification ministry is considering legal action against North Korea for its “illicit” activities in the Mount Kumgang tourist area, including the unauthorized removal of ROK assets like a floating hotel owned by Hyundai Asan, the ministry announced Friday.

This marks the second time in recent weeks that the unification ministry has said it may seek compensation over its use of ROK facilities. It previously warned North Korea last month against the “clear invasion” of ROK firms’ property rights at the Kaesong Industrial Complex, which was jointly operated by the two Koreas until its shutdown in 2016.