The Ryugyong Hotel

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h rarely pays a penny it owes and breaks business contracts or unilaterally changes the terms almost as a matter of principle. Its modus operandi in dealing with South Korean businesses has been sooner or later to expropriate them, be it in the scenic Mt. Kumgang resort or in the Kaesong Industrial Complex.

The latest revelation is embarrassing for the South Korean government, which may have hoped for a more upbeat message in its quixotic drive to stimulate cross-border business.

Not so well, then.

 

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