Economy of Kumgang-san

tourist numbers dropped to 58,000 amidst disagreements over the access over land. As of 2002, almost 500,000 have visited the Mount Kumgang Tourist Region. Tourist numbers have since established themselves at about 240,000 a year. In June 2005, Hyundai Asan announced the 1 millionth South Korean visit to the area.

The Mount Kumgang Tourist Region is thought to be one way for the North Korean government to receive hard currency from abroad. Therefore the official currency of the tour is neither the South Korean won nor the North Korean won, but the US dollar. Since 2003, food and services to South Korean tourists are provided by some North Koreans. But most of the staff in the hotels are Chinese citizens of Korean heritage with Korean language skills. The area is developed by Hyundai Asan, which plans to expand the site with a proper ski resort to complement the current sleigh course, and complete golf courses. Many plans for expansion, however, are in their earliest stages.

On the morning of July 11, 2008, a 53-year-old South-Korean tourist was shot and killed while walking on the resort's beach. Wang-ja entered a military area by crossing over a sand dune and was shot twice by North Korean soldiers. North Korea claimed that sentries had no choice but to shoot her because, despite their order to stop, she fled. South Korea demanded an on-the-spot survey, but North Korea declined it, claiming all the facts were clear and all responsibilities were the victim's and South Korea's. Due to the shooting, South Korea temporarily suspended all trips to Mount Kumgang. In March 2010, the DPRK government warned of "extraordinary measures" if the tourism ban were not lifted. On April 23, 2010, the North Korean government seized 5 properties owned by South Korea at the resort, saying that it was