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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World NKorea says it will reopen tours with new partner AP - Friday, April 9 Send IM Story Print SEOUL, South Korea – North Korea said Thursday it will freeze some South Korean assets at a troubled joint mountain resort in the North, expel South Koreans working at the site and restart the project with a new partner. The move would be another setback to inter-Korean relations, which have foundered over the past two years after a decade of warming ties. The two warring Koreas remain divided by a heavily fortified border but agreed, as part of reconciliation efforts a decade ago, to allow jointly operated tours to a famed mountain resort cherished by Koreans on both sides of the militarized frontier. The shooting death of a South Korean tourist by a North Korean soldier prompted Seoul to suspend the tours to Diamond Mountain. Later that year, with tensions rising, North Korea halted a popular joint tour to the ancient city of Kaesong. Impoverished North Korea recently expressed a willingness to restart the tour programs, which provide a much-needed influx of hard currency. South Korea, however, said the North must accept its demands for a joint investigation into the tourist's death and the establishment of measures to prevent future incidents. North Korean officials then ordered a survey of South Korean tour operators at the mountain resort, and announced late Thursday that the decision was made to go with a new partner. The dispatch carried by Pyongyang's official Korean Central News Agency did not cite the new partner's name or nationality. The North also said it may review another joint project _ an industrial complex in Kaesong _ if Seoul continued to move toward confrontation. More than 110 South Korean factories at Kaesong employ some 42,000 North Korean workers to produce electronics, watches, shoes and utensils. South Korean officials could not immediately be reached for comment. Recommend Send IM Story Print Related Articles S.Korea sells $1 bln Woori shares in market -report Reuters - 21 minutes ago FOREX-Euro edges higher on Trichet comments; yen gains Reuters - 22 minutes ago Judge rules against big Chemtura bankruptcy claim Reuters - 25 minutes ago Athabasca shares sink in market debut Reuters - 26 minutes ago MOVES-MarketAxess, Religare, DBS Group and others Reuters - 2 hours 56 minutes ago News Search Top Stories Obama and Medvedev cut nuclear arsenals, warn Iran ECB holds key rate at 1.0%, focuses on Greek crisis Taiwan's male 'Susan Boyle' a web sensation ECB keeps main interest rate steady Europe's climate satellite attempts third launch More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Astronomers solve enigma of eclipsing star Jim Carrey, Jenny McCarthy split -- via Twitter Chance of major hurricane hit in US, Caribbean high: forecast US researchers identify smokers with highest cancer risk GM posts $4.3 billion loss for post-bankruptcy 2009 More Most Viewed » 'Rare' fossil of new dinosaur species found in US Hollywood stars help prevent suicide after Twitter alert Junkies and junk-food addicts share craving mechanism Toad is a telltale for impending quakes: scientists More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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