Home Current Sanctions delay plans for N. Korean beach resort: analysts

Sanctions delay plans for N. Korean beach resort: analysts

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Sanctions delay plans for N. Korean beach resort: analystsNorth Korea has again pushed back the construction end-date of a massive beach resort — a move analysts say shows the regime is struggling from international sanctions imposed over its nuclear weapons programmes. The eastern seaside strip, known as the Wonsan-Kalma Coastal Tourist Area, is intended as a centrepiece of the isolated country’s nascent tourism industry as Pyongyang seeks to develop its economy despite the tough economic measures. The site’s construction has been closely overseen by leader Kim Jong Un, and was initially scheduled to open this April, to mark the birthday anniversary of the country’s founder Kim Il Sung.