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Keyword: scalingdown

Hyundai Asan considers cutting jobs, wages in North Korean mountain resort(feeling the heat?)

11/19/2006 2:24:27 AM PST · by TigerLikesRooster · 12 replies · 555+ views
Yonhap News ^ | 11/19/06

Hyundai Asan considers cutting jobs, wages in North Korean mountain resort MOUNT GEUMGANG, North Korea, Nov. 19 (Yonhap) -- Hyundai Asan Corp., a South Korean company spearheading inter-Korean economic projects, said Sunday it is considering slashing jobs and wages at a scenic North Korean mountain resort that has been opened to South Koreans. The restructuring plan underscores how Hyundai Asan is struggling with a falling number of tourists to Mount Geumgang on North Korea's east coast amid growing security concerns over the communist neighbor's nuclear test in early October.

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