NKorea threatens to dispose of SKorean assets

AP News
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Posted: Jul 29, 2011 5:13 AM
NKorea threatens to dispose of SKorean assets

North Korea is again threatening to dispose of South Korean assets at a stalled joint tourism venture at a scenic mountain resort in the communist country.

Seoul's Unification Ministry said Friday the North warned South Korean businesses that it will dispose of their assets if they don't appear for talks within three weeks.

Tours to Diamond Mountain from the South were suspended in 2008 after a North Korean border guard fatally shot a southern tourist. The North later confiscated South Korean assets there and stripped South Korean businesses of their monopoly on conducting tours.

The North's warning came after it rejected South Korea's calls for government-level talks over the issue.

The ministry said the North's decision was "very regrettable."