The Unification Ministry has approved officials from a South Korean company that operated the inter-Korean tour program to visit the Mount Geumgang resort for a memorial ceremony.

Some eleven employees of Hyundai Asan, including CEO Jang Gyeong-jak, will hold a ceremony for former Hyundai Group chairman Chung Mong-hun on the anniversary of his death Thursday.

The group will visit Chung’s memorial and also monitor the state of facilities owned by Hyundai Asan in the resort. This will be the first visit by the CEO of Hyundai Asan to the mountain resort in two years.

The visit follows North Korea's claims that it would dispose of South Korean company’s assets at Mount Geumgang. It is drawing attention on whether the South Korean company can strike an agreement with North Korea over the suspended assets.