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Avatar of GI KoreaBy on August 15th, 2013 at 8:27 am

North Korea Hopes to Attract 5,000 Customers A Day at New Ski Resort

» by in: North Korea

Does anyone believe that North Korea’s ski resort will attract 5,000 customers a day?

North Korea reportedly expects to attract 5,000 customers a day to a ski resort leader Kim Jong-un is building and make US$62.5 million per year from it.

The ski resort is at the mountain pass of Masikryong 768 m above sea level in Munchon, Kangwon Province, along the Wonsan-Pyongyang highway.

The website NK News on Monday reported the figures based on a planning document from the North’s Ministry of Sports and Kangwon Provincial People’s Committee.

It quoted the document as saying, “North Korean customers from nearby provinces will form the backbone of anticipated demand, followed by international tourists from surrounding nations.”

“By charging $50 per person [for 250 days per year], the People’s Committee in Kangwon Province and Ministry of Sports anticipate a net revenue stream of $62.5 million from the ski resort per year, of which $43.75 million will be profit,” the document says.  [Chosun Ilbo]

You can read more at the link, but the only way I see them hitting this number is if they open it to South Korean tourists to visit.  Either that or it is just a big scam to get money from investors.

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8
  • Glans
    11:20 am on August 15th, 2013 1

    If they open the resort to South Koreans, they’ll have to be careful not to shoot any guests.

  • Bob
    3:43 pm on August 15th, 2013 2

    It is without a doubt a big scam to get money from investors, and there is no shortage of them in South Korea who are willing to use their losses (real or exaggerated) as a write-off.

  • Chris in Thailand
    12:44 am on August 16th, 2013 3

    Step 1: North Korea offers something to South Korean businesses.
    Step 2: South Korean businesses pony up won, knowing the government will bail them out.
    Step 3: North Korea renigs on agreements, holds or freezes assets.
    Step 4: South Korean businesses howl and scream to their hired politicians to do something.
    Step 5: South Korean government goes to bat for South Korean businesses.
    Step 6: If successful, South Korean businesses go back to operating as normal. If unsuccessful, South Korean businesses get bailed out by South Korean government.

    This IS a repeat from Gaeseong, Geumgang…

    Also, if you believe a ski season can actually run for 250 days a year, I’ve got a bridge to sell you.

  • tbonetylr
    3:10 am on August 16th, 2013 4

    @ 3,
    You forgot Step # 7, N. Korea asks for funds to build a “lift” to the top of the mountain, months after opening day a tow rope is installed.

  • tbonetylr
    3:20 am on August 16th, 2013 5

    Imagine being on a chair lift in N. Korea. It would be too tempting for them to just stop it, but say it broke down while holding tourists as hostages. Then they could just kill the tourists and say the same thing happened to them as it did to these people in the 2010 movie “Frozen”…
    http://www.youtube.com/watch?v=GiUNsDVjCbo

  • Glans
    3:31 am on August 16th, 2013 6

    Chris, that’s “reneges” — not “renigs”.

  • tbonetylr
    6:54 pm on August 21st, 2013 7

    ‘Switzerland blocks sale of ski stuff to the North’
    More to the story…
    http://koreajoongangdaily.joins.com/news/article/Article.aspx?aid=2976408
    “GENEVA – Switzerland has banned the sale to North Korea of equipment for a luxury ski resort planned for the ruling elite in the impoverished, UN-sanctioned state, officials said on Monday.
    North Korean leader Kim Jung-un, who studied under an assumed name in the Swiss capital Bern and is believed to have gone on school ski trips in the Alps, wants to develop leisure activities for tourists and the upper crust of its 23 million citizens.
    North Korea approached several Swiss companies, including Bartholet Maschinenbau AG, to provide chair lifts and cable cars worth 7 million Swiss francs ($7.57 million) for its Masik resort, the Geneva daily Le Temps reported on Monday.”

  • SeoulPodcast #142: Anyone Can Act in Samsung Ads | SeoulPodcast
    2:51 am on August 29th, 2013 8

    […] Like S Korea but without the word “hub”–North Korea Hopes to Attract 5,000 Customers A Day at New Ski Resort […]

 

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