SEOUL, Nov. 5 (Yonhap) – Hyundai Group, a South Korean conglomerate, said it will hold a ceremony at a scenic North Korean mountain resort this month to mark the 20th anniversary of a long-stalled inter-Korean tour program.
The two-day event is scheduled to begin on Nov. 18 at Mount Kumgang on North Korea's East Coast in cooperation with North Korea's Korea-Pacific Peace Committee, which handles inter-Korean relations, Hyundai said.
About 100 South Koreans, including Hyundai Group chairwoman Hyun Jeong-eun, wants to cross the heavily fortified border into North Korea on Nov. 18, the next day, Hyundai Asan spokesman Lee Jae-hee said.
Hyundai Group founder Chung Ju-yung – Hyun's late father-in-law – pioneered the tourism program at Mount Kumgang on Nov. 18, 1998, via cruise ships.
Korea, which technically remained at the asylum of 1950-53, was ended with an armistice, not a peace treaty.
South Korea suspended the tour program in 2008 following the fatal shooting of a South Korean female tourist near the resort, claiming to be the source of much-needed hard currency.