Ananti to abandon golf resort in North Korea, concluding assets ‘impaired’



News Ananti to abandon golf resort in North Korea, concluding assets ‘impaired’ Announcement comes a day after NK News analysis showed DPRK demolishing multimillion-dollar facility at Mount Kumgang Jeongmin Kim April 12, 2022 SHARE COPY LINK FACEBOOK X LINKEDIN MASTODON Ananti Golf and Spa Resort at Mount Kumgang \| Image: SKM Architects www.skma.com South Korean firm Ananti said it’s pulling the plug on its golf resort in North Korea, a day after NK News analysis showed signs that DPRK authorities are demolishing its facilities. The company announced Tuesday that it plans to register its Ananti Golf and Spa Resort assets in Mount Kumgang as “impaired,” officially closing books on the 14-year-old project that never fully opened due to sanctions and up-and-down inter-Korean relations. South Korean firm Ananti said it’s pulling the plug on its golf resort in North Korea, a day after NK News analysis showed signs that DPRK authorities are demolishing its facilities. The company announced Tuesday that it plans to register its Ananti Golf and Spa Resort assets in Mount Kumgang as “impaired,” officially closing books on the 14-year-old project that never fully opened due to sanctions and up-and-down inter-Korean relations. Try unlimited access Only $1 for four weeks Unlimited access to all of NK News: reporting, investigations, analysis Year-one discount if you continue past $1 trial period The NK News Daily Update, an email newsletter to keep you in the loop Searchable archive of all content, photo galleries, special columns Contact NK News reporters with tips or requests for reporting Get unlimited access to all NK News content, including original reporting, investigations, and analyses by our team of DPRK experts. Subscribe now All major cards accepted. No commitments – you can cancel any time. © Korea Risk Group. All rights reserved. No part of this content may be reproduced, distributed, or used for commercial purposes without prior written permission from Korea Risk Group. Get the Daily Update Start your day with the North Korea stories that matter most – as selected by And how should we address you in correspondence? One more step! Please check your inbox, for an email we just sent you, and click on the confirmation message in it to get subscribed to our Daily News Update. Trending

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Ananti to abandon golf resort in North Korea, concluding assets ‘impaired’

Announcement comes a day after NK News analysis showed DPRK demolishing multimillion-dollar facility at Mount Kumgang

Jeongmin Kim April 12, 2022

Ananti to abandon golf resort in North Korea, concluding assets ‘impaired’

Ananti Golf and Spa Resort at Mount Kumgang | Image: SKM Architects www.skma.com

South Korean firm Ananti said it’s pulling the plug on its golf resort in North Korea, a day after NK News analysis showed signs that DPRK authorities are demolishing its facilities.

The company announced Tuesday that it plans to register its Ananti Golf and Spa Resort assets in Mount Kumgang as “impaired,” officially closing books on the 14-year-old project that never fully opened due to sanctions and up-and-down inter-Korean relations.

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Ananti to abandon golf resort in North Korea, concluding assets ‘impaired’

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