Of Fools and Their Money, Pt. 3: Thoughts on the End of Kumgang
North Korea has announced that it will make good on its threat to confiscate the South Korean property at the Kumgang tourist project. In a statement on Thursday, the North’s Guidance Bureau for Comprehensive Development of Scenic Spots, which is in charge of the tourism, said it is seizing a meeting hall for separated families built by the South Korean government, and a cultural hall, a hot spring spa, and a duty-free shop owned by the Korea Tourism Organization, as...