DPRK to Start Legal Disposal of S. Side's Real Estates and Properties in Mt. Kumgang Resort

DPRK to Start Legal Disposal of S. Side's Real Estates and Properties in Mt. Kumgang Resort

Pyongyang, July 30 (KCNA) -- The Guidance Bureau of Special Zone for International Tour of Mt. Kumgang of the DPRK released the following report now that it has become impossible to hold negotiations with the south side's businessmen due to the south Korean authorities' unjust obstructions:
The DPRK set July 29 as a deadline for holding the negotiations.
Now that it has become impossible to hold negotiations due to the unreasonable obstructions of the south Korean authorities, the Guidance Bureau declares that it would start the legal disposal of all the real estates and other properties of the south side inside the special zone for international tour of Mt. Kumgang.
The DPRK notified Hyundai of this decision at Mt. Kumgang resort so that it can be conveyed to the south side's businesses. It also informed the south Korean authorities of the decision through a Panmunjom channel.
The period of undergoing the procedures for the legal disposal of the south side's businesses' properties is three weeks and those concerned of the south side are obliged to witness the proceedings.
The disposal period can be extended if necessary so as to offer the south side's businesses the opportunities of taking part in international tour or leasing, transferring and selling their properties. -0-