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blog:KIM MEETS HYUNDAI BOSS

Kim’s meeting with Hyundai Chairwoman Hyun Jeong-eun, one of the few South Korean executives

to have direct dealings with the North Korean leader, is his first major meeting with a

prominent figure from the South in nearly two years.Kim, 67 and thought to be recovering

from illness, also hosted Bill Clinton on August 4 when the former U.S. president won the

release of two American journalists jailed in the North.
Hyun went to North Korea last week to win the release of the Hyundai worker. She also sought

to reopen a mountain resort in North Korea run by a Hyundai affiliate that was shut down a

year ago after a North Korean soldier shot dead a South Korean tourist who had wandered into

a military area.The resort and a joint factory park run by Hyundai have been vital sources

of legitimate foreign currency for North Korea. News of a possible meeting with Kim and Hyun

had boosted shares in firms that have dealings with the North.
The North’s broken economy has been hit by U.N. sanctions imposed after a long-range rocket

launch in April, widely seen as a disguised missile test, and a nuclear test in May.