Kumgang Revenues Continue to Decline

Whether it’s because of  the diminishing  appeal of tyranny tourism or North Korea’s sheer belligerence, South Koreans have never been less enthusiastic about the Kumgang tourist resort:

Tour organizer Hyundai Asan on Sunday said fewer than 300 tourists now visit Mt. Kumgang over the weekend. During the same period last year, weekend visitors to Mt. Kumgang numbered 400-500. The number of ordinary tourists has dwindled to fewer than 2,000 bookings for December tours, but activist groups have booked the tours in an effort to support the inter-Korean business project, boosting numbers to 4,000, Hyundai Asan said.

Would Kumgang survive without South Korean subsidies?  Would South Korea be able to afford them without if American taxpayers did not subsidize its defense against a common enemy?  Does anyone have any idea where that money goes?

Actually, we do.