
North Korea to open beach resort as Kim bets on tourism
North Korea is opening a beach resort that its leader Kim Jong-un hopes will boost tourism in the secretive communist regime, state media reports.
Wonsan Kalma on the east coast will open to domestic tourists on 1 July, six years after it was due to be completed. It is unclear when it will welcome foreigners.
Kim grew up in luxury in Wonsan, where many of the country's elite have private villas, and has been trying to transform the town, which once hosted a missile testing site. State media KCNA claims the resort can accommodate up to 20,000 visitors, occupying a 4km (2.5 mile) stretch of beach, with hotels, restaurants, shopping malls and a water park - none of which can be verified.
Heavily sanctioned for decades for its nuclear weapons programme, North Korea is among the poorest countries in the world. It pours most of its resources into its military, monuments and landmarks - often in Pyongyang - that embellish the image and cult of the Kim family that has run the country since 1948.
Some observers say this is an easy way for Pyongyang to earn money. While foreign tourists are allowed in, tour groups largely tend to come from China and Russia, countries with whom Pyongyang has long maintained friendly relations.
Tourism from overseas took a hit during the COVID-19 pandemic, though, with the country closing its borders in early 2020. (Agencies)

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Qatar Tribune
4 hours ago
- Qatar Tribune
North Korea to open beach resort as Kim bets on tourism
North Korea is opening a beach resort that its leader Kim Jong-un hopes will boost tourism in the secretive communist regime, state media reports. Wonsan Kalma on the east coast will open to domestic tourists on 1 July, six years after it was due to be completed. It is unclear when it will welcome foreigners. Kim grew up in luxury in Wonsan, where many of the country's elite have private villas, and has been trying to transform the town, which once hosted a missile testing site. State media KCNA claims the resort can accommodate up to 20,000 visitors, occupying a 4km (2.5 mile) stretch of beach, with hotels, restaurants, shopping malls and a water park - none of which can be verified. Heavily sanctioned for decades for its nuclear weapons programme, North Korea is among the poorest countries in the world. It pours most of its resources into its military, monuments and landmarks - often in Pyongyang - that embellish the image and cult of the Kim family that has run the country since 1948. Some observers say this is an easy way for Pyongyang to earn money. While foreign tourists are allowed in, tour groups largely tend to come from China and Russia, countries with whom Pyongyang has long maintained friendly relations. Tourism from overseas took a hit during the COVID-19 pandemic, though, with the country closing its borders in early 2020. (Agencies)


Qatar Tribune
4 hours ago
- Qatar Tribune
US economy shrinks by 0.5% in Q1, more than initially estimated
Agencies The U.S. economy shrank at a 0.5% annual pace from January through March as President Donald Trump's trade wars disrupted business, the Commerce Department reported Thursday in an unexpected deterioration of earlier estimates. First-quarter growth was weighed down by a surge of imports as U.S. companies, and households, rushed to buy foreign goods before Trump could impose tariffs on them. The Commerce Department previously estimated that the economy fell 0.2% in the first quarter. Economists had forecast no change in the department's third and final January-March drop in gross domestic product — the nation's output of goods and servicesreversed a 2.4% increase in the last three months of 2024 and marked the first time in three years that the economy contracted. Imports expanded 37.9%, fastest since 2020, and pushed GDP down by nearly 4.7 percentage spending also slowed sharply, expanding just 0.5%, down from a robust 4% in the fourth-quarter of last year. It is a significant downgrade from the Commerce Department's previous estimate. Consumers have turned jittery since Trump started plastering big taxes on imports, anticipating that the tariffs will impact their finances directly. And the Conference Board reported this week that Americans' view of the U.S. economy worsened in June, resuming a downward slide that had dragged consumer confidence in April to its lowest level since the COVID-19 pandemic five years ago. The Conference Board said Tuesday that its consumer confidence index slid to 93 in June, down 5.4 points from 98.4 last month. A measure of Americans' short-term expectations for their income, business conditions and the job market fell 4.6 points to 69. That's well below 80, the marker that can signal a recession ahead. Former Federal Reserve economist Claudia Sahm said 'the downward revision to consumer spending today is a potential red flag.'' Sahm, now chief economist at New Century Advisors, noted that Commerce downgraded spending on recreation services and foreign travel — which could have reflect 'great consumer pessimism and uncertainty.'' A category within the GDP data that measures the economy's underlying strength rose at a 1.9% annual rate from January through March. It's a decent number, but down from 2.9% in the fourth quarter of 2024 and from the Commerce Department's previous estimate of 2.5% January-March growth. This category includes consumer spending and private investment but excludes volatile items like exports, inventories and government spending. And federal government spending fell at a 4.6% annual pace, the biggest drop since 2022. In another sign that Trump's policies are disrupting trade, Trade deficits reduce GDP. But that's just a matter of mathematics. GDP is supposed to count only what's produced domestically, not stuff that comes in from abroad. So imports — which show up in the GDP report as consumer spending or business investment — have to be subtracted out to keep them from artificially inflating domestic production. The first-quarter import influx likely won't be repeated in the April-June quarter and therefore shouldn't weigh on GDP. In fact, economists expect second-quarter growth to bounce back to 3% in the second quarter, according to a survey of forecasters by the data firm FactSet.


Qatar Tribune
4 hours ago
- Qatar Tribune
Activists see little progress at preparatory Bonn climate talks
Bonn: Environmental organizations voiced frustration at the lack of progress during climate talks in Bonn, which wrapped up on Thursday. The negotiations were part of preparations for the UN Climate Change Conference set to take place in Brazil this November. More than 5,000 delegates took part. Bonn is home to the UN Climate Change Secretariat, which coordinates international climate policy and hosts the preparatory talks each year. At the close of the 10-day negotiations, UN climate chief Simon Stiell acknowledged the slow pace and urged greater efforts in the fight against global warming. 'The delegations in Bonn have advanced only by centimetres,' Oxfam climate spokesman Jan Kowalzig told DPA. A number of theme complexes had to be postponed to the November conference because of lack of agreement, he said. (DPA)