Kim Jong Un opens massive Wonsan beach resort as he bets on North Korea tourism boom
Kim Jong Un inaugurated the giant Wonsan Kalma beach resort hub on North Korea's east coast on Tuesday as part of his push to promote tourism.
Russia's ambassador in Pyongyang was in attendance as chief guest as Mr Kim opened the sprawling complex, the Korean Central News Agency reported on Thursday.
The tourist zone in the port city of Wonsan in Kangwon province has housing, hotels and hostels for nearly 20,000 guests and is equipped with facilities for sea swimming, sports and recreation.
The project is a stepping stone in Mr Kim's plan to boost tourism in one of the most isolated and secretive countries in the world.
Tourism remains one of the few ways North Korea can legally earn foreign currency since most of its economic activities are restricted by UN sanctions. However, the tourism industry is tightly controlled and designed to showcase a sanitised version of the country.
The opening ceremony was held 'with splendor', state media reported, and Mr Kim expressed "great satisfaction" at the development of the project.
The Kalma resort was the first step in developing cultural tourism in the country, he said, and the government would soon confirm a major plan to develop more large-scale tourist areas.
"Kim Jong Un expressed belief that the wave of happiness to be raised in the Wonsan Kalma Coastal Tourist Zone would enhance its attractive name as a world-level tourist cultural resort," KCNA said.
The beach resort was first announced in 2014 and construction started in 2018, with an initial finish deadline of 2019. The construction came to a standstill during the 2020 pandemic as the country sealed its borders while international sanctions and material supply issues exacerbated delays.
North Korea started loosening the restrictions in 2023 after three years of almost no tourism, with no foreign visitors allowed in and limited information coming out.
In April, North Korea held the Pyongyang International Marathon for the first time in six years, with about 200 foreign runners participating.
Mr Kim was accompanied at the inauguration of the Kalma resort by his daughter Kim Ju Ae and wife Ri Sol Ju. It was his wife's first public appearance since New Year's Day in 2024.

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


Skift
34 minutes ago
- Skift
Italy's Overtourism Campaign, Trump's Student Visa Rules and Ritz-Carlton's New Cruise Ship
On today's pod we look at Italy's push to expand tourists' bucket lists, Trump's student social media interrogations, and Ritz-Carlton's latest yacht. Skift Daily Briefing Podcast Listen to the day's top travel stories in under four minutes every weekday. Listen to the day's top travel stories in under four minutes every weekday. Skift Travel Podcasts Good morning from Skift. It's Thursday, June 26. Here's what you need to know about the business of travel today. Italy has launched a new national tourism campaign aimed at combating overtourism, writes Global Tourism and Experiences Reporter Jade Wilson. The goal of the campaign — called '99% of Italy' — is to expose travelers to less popular parts of the country. About 70% of international travelers converge on just 1% of the country, according to Visit Italy. CEO Ruben Santopietro said that, without a rebalanced approach, Venice could turn into a lifeless backdrop while Rome could become a parking lot for tour buses. The campaign comes as tensions around overtourism rise across Europe. Residents in cities such as Barcelona, Palma de Mallorca, and Venice have called for tighter restrictions on short-term rentals and limits on cruise ship arrivals. Listen to This Podcast Apple Podcasts | Spotify | Youtube | RSS Next, the U.S. State Department is requiring applicants for student visas to make all their social media accounts public for vetting, writes Airlines Reporter Meghna Maharishi. Maharishi reports the requirement only pertains to those applying for student visas. The State Department recently said it would resume interviews for international students but with enhanced social media vetting. The department stated student visa applicants have been required since 2019 to submit their social media accounts on application forms. However, applicants weren't required before to make their accounts public. Finally, the Ritz-Carlton Yacht Collection is ramping up its presence at sea with the launch of a new ship in July, writes Hospitality Reporter Luke Martin. The Ritz-Carlton said on Wednesday that its third vessel, Luminara, will debut in the Mediterranean before sailing past Africa and across the Indian Ocean. In addition, the brand's first Asia-Pacific cruises are set to begin in December as Luminara will embark on a slate of 19 voyages, including new ports for the Ritz-Carlton across Southeast and East Asia.
Yahoo
an hour ago
- Yahoo
Goldman Sachs Upgrades Xpeng (XPEV) to ‘Buy' and Hikes Price Target to $24
XPeng Inc. (NYSE:XPEV) is one of Goldman Sachs' top Chinese stock picks. On June 17, Goldman Sachs upgraded the stock to a 'Buy' from a 'Neutral.' It also hiked the price target from $18.60 to $24. The upgrade is in response to significant strategic improvements at the Chinese electric vehicle manufacturer. A fleet of electric light vehicles recharging their batteries in a parking lot. According to the research firm Xpeng, it has conducted significant organizational restructuring, supply chain optimization, and cost reductions. The investment bank is also impressed by the company stepping up model launches. Goldman Sachs expects the strategic improvements to transform Xpeng's product cost structure and strengthen its competitive edge in the electric vehicle market. The investment bank also projects sustainable sales volume growth due to the improvements. The remarks come as XPeng strengthens its position in the Chinese electric vehicle market. Using platform improvement initiatives, it's maintaining its position against domestic and international rivals. XPeng Inc. (NYSE:XPEV) is a Chinese company that designs, develops, manufactures, and markets Smart Electric Vehicles (Smart EVs). It integrates advanced technologies like internet connectivity, AI, and driver-assistance systems into vehicles. While we acknowledge the potential of XPEV as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Biotech Stocks Screaming a Buy and 13 Best Software Stocks to Buy Now. Disclosure: None. Sign in to access your portfolio
Yahoo
an hour ago
- Yahoo
Bilibili (BILI) Finalizes Debt Repurchase
Bilibili Inc. (NASDAQ:BILI) is . On June 13, the company confirmed completing a previously announced repurchase right relating to 1.25% Convertible Senior Notes due 2027. According to information from Deutsche Bank, the $66,000 aggregate principal amount of the notes was validly surrendered. The bank served as the paying agent of the transaction that expired on June 12, 2025. Bilibili, an iconic brand and leading video community for young generations in China, has accepted all the surrendered notes for repurchase. The company has also forwarded cash in payment to the paying agent for distribution to applicable holders. Bilibili Inc. (NASDAQ:BILI) is a Chinese online entertainment that offers a video-sharing platform targeting young people. It provides a wide array of content, including user-generated videos, live streaming, and mobile games, strongly emphasizing anime, comics, and games (ACG). While we acknowledge the potential of BILI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Biotech Stocks Screaming a Buy and 13 Best Software Stocks to Buy Now. Disclosure: None. Sign in to access your portfolio