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KNTO to open at North Korea resortKNTO to open at North Korea resort
Tina Milton
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
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The resort, in the east of the country close to the border with South Korea, has become a popular destination for travellers from the south (DFNI April 15).
A KNTO
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(14-Jul-2006) - The state-owned retailer is to open a store at the Geum Gang San mountain resort
(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
(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
(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
(1-May-2006) - NORTH KOREA. Duty-free operator Koryo Samwham Trading has urged international brands to support the fledgling duty-free market in North Korea's mountain resort Geum Gang San