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South Korea’s Hyundai petitioning to carry memorial in North Korea

South Korea’s Hyundai petitioning to carry memorial in North Korea
19 July 2018 - 15:18 'was also added 173 Viewed.

July 11 (UPI) — CONSIDERED ONE OF South Korea’s greatest conglomerates is looking for executive permission to hold a memorial in a North Korean tourist park for one among its deceased business executives.

Hyundai Group, the figure company of Hyundai Asan, is seeking popularity of shuttle to the North sooner than the fifteenth anniversary of the death of Chung Mong-hun, the industrialist who pushed for inter-Korea reconciliation via trade initiatives, Yonhap said Wednesday.

Chung died on Aug. FOUR, 2003, when he fell from the twelfth flooring of Hyundai Asan headquarters. The demise on the time was dominated a suicide and came after Chung used to be dealing with trial on charges of secretly sending at least $ONE HUNDRED million in funds from Seoul to the North, prior to the landmark summit in June 2000.

Yonhap reported it is most likely the government will approve travel for Hyundai executives, a transfer that may then raise the possibility of resuming South Korean shuttle to Mount Kumgang, a North Korean tourist hotel.

The trips had been suspended after a South Korean tourist was once fatally shot in 2008. North Korea claimed the lady, Park Wang-ja, used to be in an army zone.

If the Hyundai request is licensed on both sides, the South Korean executives are prone to meet with the Korean Asia-Pacific Peace Committee within the North, where the Mount Kumgang undertaking may well be discussed, according to Yonhap.

Mount Kumgang operations were suspended for 10 years, however Seoul’s unification ministry is protecting an eye fixed on developments, News 1 pronounced Wednesday.

“so as for financial cooperation to continue complete scale, stipulations comparable to growth on denuclearization need to be met, and problems like resuming tourism to Mount Kumgang must be the subject of negotiations,” News 1’s source on the ministry mentioned.

Hyundai Asan shaped a task pressure in Might eager about inter-Korea financial cooperation, according to the record.