N. Korea says it will seize 5 S. Korean assets

By ASSOCIATED PRESS
April 23, 2010 08:03

 
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North Korea says it will seize five South Korean-owned properties at a jointly-operated mountain resort in the North.

The North said in its official Korean Central News Agency on Friday that the assets would be taken over by the North Korean government or new business partners under a legal process.

The five properties are a fire station, a duty-free shop, a reunion center for families separated by the 1950-53 Korean War, a cultural center where North Korean troupes performed for tourists and a spa.

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