calendar>>June 17. 2011 Juch 100
Notice to S. Side over Disposition of Real Estates in Mt. Kumgang Resort
Pyongyang, June 17 (KCNA) -- A spokesman for the DPRK Guidance Bureau of Special Zone for International Tour of Mt. Kumgang on Friday notified the south side's parties concerned of the fact that all assets including real estates in the zone are to be disposed of under the Law on Special Zone for International Tour of Mt. Kumgang.

The notice said:

As already reported, the Presidium of the DPRK Supreme People's Assembly promulgated a decree on setting up the Special Zone for International Tour of Mt. Kumgang on April 29 and adopted the law on the special zone on May 31.

Specified in the law are the concrete matters arising in turning Mt. Kumgang, a famous mountain in the world, into a comprehensive international tourist special zone and further developing tourism.

Under this situation the world public interest in tour of Mt. Kumgang is growing deeper than ever before and many investors and travel agents of different countries and regions are zealously proposing to take part in projects for international tour of this mountain.

The DPRK Guidance Bureau of Special Zone for International Tour of Mt. Kumgang will dispose of all properties including real estates in the zone under the above-said law to develop Mt. Kumgang into an international tourist special zone.

In this regard, the Bureau is authorized to ask all parties concerned of the south side which have real estates in the zone to come to Mt. Kumgang by June 30 in order to discuss the matter of disposing of the frozen and seized properties.

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