What does the Kim regime want? Kim advertises beachfront property for sale. @pearswick James Pearson @Reuters

Apr 21, 12:00 AM


(Photo:English: North Korean children hold up red scarves to be tied around their necks during an induction ceremony into the Korean Children's Union, the first political organization for North Koreans, held at a stadium in Pyongyang on Friday, April 12, 2013. (AP Photo/David Guttenfelder)

Date 12 April 2013, 09:17:03

Source Template:Open Source

Author David Guttenfelder )



Twitter: @BatchelorShow

What does the Kim regime want? Kim advertises beachfront property for sale. @pearswick James Pearson @Reuters

North Korea’s development plans for Wonsan have mushroomed since they were first announced in 2014. Examined here in detail for the first time, they run across 160 pages in nearly 30 brochures produced by the Wonsan Zone Development Corporation in Korean, Chinese, Russian and English in 2015 and 2016. Tourism is one of a shrinking range of North Korean cash sources not targeted by United Nations sanctions, and the brochures advertise to foreign investors some $1.5 billion worth of potential ventures in the Wonsan Special Tourist Zone, an area covering more than 400 square km (150 square miles). Kim has already constructed a ski resort and a new airport there.

According to one brochure, the Zone includes approximately 140 historical relics, 10 sand beaches, 680 tourist attractions, four mineral springs, several bathing resorts and natural lakes and “more than 3.3 million tons of mud with therapeutic properties for neuralgia and colitis.”

The projects that Kim is inviting investors to help build include a $7.3 million department store, a $197 million city centre development, and a $123 million golf course (including a $62.5 million fee to lease the land).

Earlier this year Kim sent 16 of his officials to Spain to get ideas for Wonsan. They visited Marina d'Or, one of the Mediterranean country’s biggest holiday complexes, and the Terra Mitica (Mythical Land) theme park in Benidorm. Terra Mitica caters to fans “of extreme sensations,” according to its website.

“They saw such places with their own eyes and filmed some of them,” said a spokesman at the North Korean embassy in Madrid. Both parks confirmed the visits; a spokeswoman for Terra Mitica said the North Koreans were impressed by its themes including the ancient civilizations of Egypt, Greece and Rome.

No major foreign partner has said they will back Kim’s Wonsan projects. The new airport, completed in 2015, has yet to open to international flights. America recently banned its citizens from visiting North Korea. International sanctions now ban all joint ventures with the state.