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North Korea will open a beach resort with plans to allow foreign visitors

North Korea will open a beach resort with plans to allow foreign visitors

National Post2 days ago

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In February this year, a small group of international tourists visited North Korea for the first time in five years, but tourist agencies said in March that their tours to North Korea were paused.
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Kim's recent foreign policy prioritizes relations with Russia as he's been supplying troops and conventional weapons to support its war against Ukraine in return for economic and military assistance. But North Korea's ties with China, which has long been its biggest trading partner and aid benefactor, have apparently cooled as China is reluctant to join an anti-Western alliance with North Korea and Russia, analysts say.
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Tuesday's ceremony that marked the completion of the resort's construction drew the Russian ambassador to North Korea and his embassy staff, KCNA said. But it didn't say whether any Chinese diplomats were also invited.
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'There seems to be issues that North Korea hasn't yet resolved in its relations with China. But North Korea has put in too much money on tourism and plans to spend more. Subsequently, to get its money's worth, North Korea can't help receiving Chinese tourists,' Lee Sangkeun, an expert at the Institute for National Security Strategy, a think tank run by South Korea's intelligence agency.
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Lim Eul-chul, a professor at Kyungnam University's Institute for Far Eastern Studies in Seoul, also said that foreign tourism to the Wonsan-Kalma site will begin with Russians. But he said Chinese tours to the zone, a sort of civilian exchange, will also begin soon, adding bilateral trade between China and North Korea has been recovering.
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Lim said that South Korean and American tours to North Korea won't likely restart anytime soon, though both new liberal South Korean President Lee Jae Myung and U.S. President Donald Trump have expressed hopes to revive dialogue with North Korea.
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In January when Trump boasted about his ties with Kim, he said 'I think he has tremendous condo capabilities. He's got a lot of shoreline,' a likely reference to Wonsan-Kalma.
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North Korea hasn't publicly responded to Trump's outreach. It has repeatedly rejected Washington and Seoul's dialogue offers and focused on expanding its nuclear weapons program since Kim's high-stakes nuclear diplomacy with Trump collapsed in 2019.
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A Russian drone strike on Odesa kills a married couple and injures 17 other people, Ukraine says
A Russian drone strike on Odesa kills a married couple and injures 17 other people, Ukraine says

CTV News

time27 minutes ago

  • CTV News

A Russian drone strike on Odesa kills a married couple and injures 17 other people, Ukraine says

Visitors check damaged Russian drones during the International Conference on Expanding Sanctions Against Russia in Kyiv, Ukraine, Friday, June 27, 2025. (AP Photo/Efrem Lukatsky) KYIV, Ukraine — Russian drones struck the southern Ukrainian port city of Odesa overnight, killing two people and injuring at least 17, Ukrainian authorities said on Saturday. Meanwhile, three attack helicopters and an anti-aircraft missile system were destroyed in the Russian-occupied Crimean Peninsula. Ukraine's Security Service agency deployed special drones to attack the Kirovske military airfield, a Ukrainian security official said on Saturday. 'Available data indicate the destruction of multi-purpose and attack helicopters Mi-8, Mi-26 and Mi-28, as well as the self-propelled anti-aircraft missile and gun complex Pantsir-S1,' according to the official, who spoke about the operation on condition of anonymity. In Odesa, a drone slammed into a residential tower block in the city, causing damage to three floors and trapping residents, emergency services said. The two killed in the attack were a married couple, according to regional Gov. Oleh Kiper, who added that three children were among the injured. There was no immediate comment from Moscow. According to Russia's Defense Ministry, over 40 Ukrainian drones were shot down overnight and on Saturday morning over western Russia and Kremlin-occupied Crimea. Long-range drone strikes have been a hallmark of the war, now in its fourth year. The race by both sides to develop increasingly sophisticated and deadlier drones has turned the war into a testing ground for new weaponry. Ukrainian drones have pulled off some stunning feats. At the start of June, nearly a third of Moscow's strategic bomber fleet was destroyed or damaged in a covert Ukrainian operation using cheaply made drones sneaked into Russian territory. Smaller, short-range drones are used by both sides on the battlefield and in areas close to the roughly 1,000-kilometre (620-mile) front line. The UN Human Rights Monitoring Mission in Ukraine said in a report published Thursday that short-range drone attacks killed at least 395 civilians and injured 2,635 between the start of the war in February 2022 and April 2025. Almost 90 per cent of the attacks were by the Russian armed forces, it reported. More than 13,300 civilians have died and over 34,700 have been injured in the war, the UN Office of the High Commissioner for Human Rights said a June 11 report. The Associated Press

2 dead after Russian drone hits residential building, Ukrainian officials say
2 dead after Russian drone hits residential building, Ukrainian officials say

CBC

time2 hours ago

  • CBC

2 dead after Russian drone hits residential building, Ukrainian officials say

Russian drones struck the southern Ukrainian port city of Odesa overnight, killing two people and injuring at least 17, Ukrainian authorities said on Saturday. A drone slammed into a residential tower block in the city, causing damage to three floors and trapping residents, emergency services said. The two killed in the attack were a married couple, according to regional Gov. Oleh Kiper, who added that three children were among the injured. There was no immediate comment from Moscow. According to Russia's Defence Ministry, more than 40 Ukrainian drones were shot down overnight and on Saturday morning over western Russia and Russian-occupied Crimea. Long-range drone strikes have been a hallmark of the war, now in its fourth year. The race by both sides to develop increasingly sophisticated and deadlier drones has turned the war into a testing ground for new weaponry. At the start of June, nearly one-third of Moscow's strategic bomber fleet was destroyed or damaged in a covert Ukrainian operation using cheaply made drones sneaked into Russian territory. WATCH | CBC's Briar Stewart breaks down Ukraine's recent surprise drone attack on Russia: Ukraine deploys swarms of drones to target Russian warplanes 26 days ago Duration 1:57 On the eve of a second round of peace talks, Ukraine launched what it calls its longest-range attack against Russia, using drones to target Russian warplanes. Ukrainian authorities said they had been planning this for more than a year and a half. Smaller, short-range drones are used by both sides on the battlefield and in areas close to the roughly 1,000-kilometre frontline. The UB Human Rights Monitoring Mission in Ukraine said in a report published Thursday that short-range drone attacks killed at least 395 civilians and injured 2,635 between the start of the war in February 2022 and April 2025. Almost 90 per cent of the attacks were by the Russian armed forces, it reported. More than 13,300 civilians have died and more than 34,700 have been injured in the war, the UN Office of the High Commissioner for Human Rights said in a June 11 report.

3 Brilliant Stocks That Could Soar by 39% to 80%, According to Wall Street
3 Brilliant Stocks That Could Soar by 39% to 80%, According to Wall Street

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Buying and holding quality stocks is one of the most efficient ways to build wealth. Three Motley Fool contributors believe now is a great time to consider buying shares of Alibaba (NYSE: BABA), Lyft (NASDAQ: LYFT), and RH (NYSE: RH) (formerly Restoration Hardware). What's more, Wall Street analysts also see attractive upsides for these stocks based on their average price targets. Here's why these stocks are poised to soar. Alibaba stock: 39% upside John Ballard (Alibaba): Alibaba is one of the leading e-commerce and cloud service companies in the world. Intensifying competition in China's e-commerce market and regulatory uncertainty have weighed on the stock price over the past few years. But this could also spell significant upside for investors from here as the company continues to see strong demand in its cloud business. The average analyst's 12-month price target of $162 implies a 39% upside from the current share price. The stock trades at a modest forward price-to-earnings multiple of 11.7, indicating that investors are undervaluing its expected growth. Alibaba, like its U.S. counterpart Amazon, is a very tech-centered business. Investments in artificial intelligence (AI), where Alibaba Cloud offers data intelligence services and other AI services for other companies, are driving accelerating growth in its cloud business, with revenue up 18% year over year in the most recent quarter. Alibaba also uses AI in its e-commerce business to understand user behavior, make personalized product suggestions, and manage supply chains. This makes it a formidable competitor, despite its recently weak revenue growth. However, consumer spending is back on the rise in its Taobao and Tmall marketplaces. Overall, Alibaba's revenue growth has accelerated sharply in recent quarters, and it's also reporting improving margins. Analysts expect the company's earnings to grow at an annualized rate of 16% over the next several years. Given the low earnings multiple the stock trades at today, Alibaba could not only reach Wall Street's average 12-month price target but potentially double in value within the next three to five years. Lyft stock: 80% upside Jeremy Bowman (Lyft): Lyft may be a forgotten stock for most investors, and it's easy to see why. Shares of the No. 2 ridesharing company in the U.S. are down nearly 80% from where they stood at its 2019 IPO, as it entered the market overvalued and struggled during the pandemic. However, while it plays second fiddle to Ube r, Lyft has innovated with new features, recently made a smart new acquisition, and is building momentum. According to one Wall Street analyst, the stock has an 80% upside currently: Last month, Ivan Feinseth of Tigress Financial gave it a buy rating and boosted his 12-month price target on the stock by $2 to $28. Lyft is in a much stronger position than it was a couple of years ago as the company is both delivering solid growth and has turned profitable. In the first quarter, revenue rose 14% to $1.5 billion while adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) nearly doubled from $59.4 million to $106.5 million. It also posted a small profit of $2.6 million on a generally accepted accounting principles (GAAP) basis. Among the new products driving growth are price lock, which allows customers to lock in a price for a regular commute, Women+, which allows women riders and drivers to match with each other, and Lyft Silver, a service designed to fit the needs of seniors. Lyft also paved the way for its expansion into Europe by acquiring Freenow, a mobility company that's active in nine countries. Overall, Lyft looks poised to continue its double-digit percentage growth and ramp up its profitability, and the stock looks cheap at a price-to-sales ratio of around 1.1. RH stock: Up to 137% upside Jennifer Saibil (RH): RH stock has been driven down by macroeconomic pressures, but the business is bouncing back, and the stock should follow. The company is a luxury furniture retailer that operates around 100 galleries in selected affluent communities, mostly in the U.S., though it has recently been expanding into Europe. It also has robust digital channels. However, its bigger ambition is to grow itself into a diversified global luxury brand, and it already operates several upscale restaurants and experiences, including rentable jets and yachts. While its target demographics are generally more resilient than the mass market, RH hasn't been immune to inflation and economic slowdowns. But even amid sagging sales in recent years, it has continued to launch new merchandise lines and open new galleries. Its next, in Paris, is set to open shortly on the Champs-Élysées. Meanwhile, performance at its U.K. gallery has been fantastic, with sales up 47% over last year in the 2025 fiscal first quarter (which ended May 3) and online demand up 44%. Two German locations that have been open for at least a year demonstrated a 60% increase in demand in fiscal Q1, and RH is experiencing accelerating demand in its locations in Brussels and Madrid. In sum, the retailer seems to have turned a corner. It has reported year-over-year revenue increases for the past four quarters, including double-digit percentage increases for the past two quarters. The fiscal first quarter was phenomenal, with a 12% sales increase and an adjusted operating margin of 7%. Yet RH stock is 75% off its peak. The average target price on Wall Street is 24% higher than today's price, and one analyst expects it to jump 137% higher over the next 12 to 18 months. Trading at the cheap valuation of 13 times forward 1-year earnings, RH stock could be a profitable pick right now for risk-tolerant investors. Should you invest $1,000 in Alibaba Group right now? Before you buy stock in Alibaba Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Alibaba Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $704,676!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $950,198!* Now, it's worth noting Stock Advisor 's total average return is1,048% — a market-crushing outperformance compared to175%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 23, 2025 John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Jennifer Saibil has no position in any of the stocks mentioned. Jeremy Bowman has positions in Amazon and RH. John Ballard has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Uber Technologies. The Motley Fool recommends Alibaba Group, Lyft, and RH. The Motley Fool has a disclosure policy.

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