Hyundai said Wednesday Hyundai Asan Co. and North Korea will likely meet early next month to try and devise a way to keep the tourism project in the North's Mount Kumgang afloat.
The Hyundai Group subsidiary has proposed talks with the Asia-Pacific Peace Committee, Asan's North Korean partner in the project, in a bid to bring fresh life to the project which is faltering due to a lack of tourists and financial trouble.
Hyundai said the North Korean committee is hammering out ways to activate the project.
At the proposed talks, the two sides are expected to touch on the opening of a cross-border overland route and Pyongyang's designating the mountain area a "special tourist zone" as first agreed to back in June.