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HYUNDAI ASAN TO PARTIALLY WITHDRAW MT GEUMGANG WORKFORCE.
SEOUL, May 1 Asia Pulse - Hyundai Asan Corp. today said it will withdraw some of its workforce from North Korea's Mount Geumgang resort because the inter-Korean tourism business is suspended because of SARS fears.
"Later today, 170 workers, including 62 Korean-Chinese, will return to South Korea," a Hyundai Asan official said.
"The ethnic Koreans and Philippine workers will return to their home countries until the SARS scare dies down."
After their withdrawal, 157 Hyundai Asan workers, including about 90 Korean-Chinese, will remain at the resort.
Hyundai Asan officials said the company had no choice but to reduce its workforce in order to minimize expenses for meals and other stipends.
"If the tour is suspended for a long time, we will ...
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- News wire article from: AsiaPulse News January 13, 2003 700+ words
...Mong-hun, chairman of Hyundai Asan Co., said Monday he will visit North Korea via Beijing in the afternoon...Hyundai officials, including Hyundai Asan President Kim Yoon-kyu...Korean officials. "Our North Korea projects such as the opening...
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- News wire article from: AsiaPulse News February 12, 2009 700+ words
...businesses in North Korea said on February...executive of Hyundai Asan Corp., the...suspension has cost Hyundai Asan 100 billion won...July last year, Hyundai Asan had nearly halved...late January, North Korea said it nullified...
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- News wire article from: YON - Yonhap News Agency of Korea November 25, 2008 700+ words
...relations. North Korea delivered a message to Hyundai Asan Corp., the...the North. North Korea "will have...projects with Hyundai Asan "depend on...resolved." Hyundai Asan said it will...South and North Korea will normalize...
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- News wire article from: AsiaPulse News November 12, 2008 700+ words
...Pulse - South Korea's Hyundai Asan Corp. said Wednesday...official notice from North Korea on the suspension of...restrict border crossings. Hyundai Asan operates a tour program...industrial complex. North Korea said earlier in the...
- Hyundai Asan plans to spend US$3 billion for new tourism project in North Korea.
- News wire article from: YON - Yonhap News Agency of Korea August 3, 2007 700+ words
...in June and that North Korea is expected to...project calls for Hyundai Asan to develop the...resort in 1998. If North Korea approves the proposal, it would be Hyundai Asan's third major...visit, Yoon said. North Korea's environmental...development ...
- SUSPENDED TOURS TO NORTH KOREA COST US$65 MLN: HYUNDAI ASAN.
- News wire article from: AsiaPulse News March 9, 2009 700+ words
...joint projects with North Korea said Monday a suspended...senior executive at Hyundai Asan Corp., which runs...a tougher stance on North Korea. He has halted unconditional...against Seoul amid fears North Korea is preparing to test...
- NORTH KOREA: CONSTRUCTION START-UP ON PLANNED 66 MILLION SQUARE METER...
- Newspaper article from: WWP-Business Opportunities in Asia & the Pacific September 1, 2000 700+ words
...PROJECT OVERVIEW HYUNDAI ASAN CO., a subsidiary...industrial complex in North Korea. The planned...Kim Ko-jung, HYUNDAI ASAN CO. Vice-President...As a result, HYUNDAI ASAN Chief Director...Secretary of the (NORTH) KOREA ASIA-PACIFIC...
Source: HighBeam Research, HYUNDAI ASAN TO PARTIALLY WITHDRAW MT GEUMGANG WORKFORCE.