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KNTO secures North Korea dealKNTO secures North Korea deal
Tina Milton
15-Oct-2006
NORTH KOREA. State-owned South Korean operator Korea National Tourism Organisation (KNTO) has secured a deal with Hyundai Asan to be the exclusive duty-free operator at the Geum Gang San mountain resort, ousting incumbent operator Koryo Samwhan, DFNI understands
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The 40-year deal will allow KNTO to make long-term investments in the duty-free offer at the resort, where a new 500sq m (5,380sq ft) store, which is now expected to
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(12-Jun-2007) - Korea National Tourism Organization (KNTO) has opened a new duty-free store at the Geumgangsan mountain resort in North Korea, after nuclear arms tests last year delayed the opening
(14-Jul-2006) - The state-owned retailer is to open a store at the Geum Gang San mountain resort
(15-Jul-2006) - NORTH KOREA. DFNI understands that the Korea National Tourism Organization (KNTO) has signed a contract with development company Hyundai Asan to manage the new duty-free shop at the Onjunggak-2 East building in North Korea's Geum Gang San mountain resort
(15-Apr-2006) - NORTH KOREA. A new 500sq m (5,380sq ft) duty-free store is scheduled to open at North Korea's Geum Gang San mountain resort—developed by Hyundai Asan—in June
(21-Jun-2007) -