The company manages a number of projects, including the resort at the Mount Kumgang Tourist Region and road/rail building operations.

The family-controlled Hyundai Group, which used to be South Korea's largest Chaebol, was split into three sub-groups after the Asian financial crisis.

Hyundai Asan has faced accusations of being a vehicle for illegally transferring US$100 million to North Korea from the government of former South Korean President Kim Dae-jung.

The money was supposedly used to persuade North Korean leader Kim Jong Il to attend the inter-Korean summit in 2000.

[2] With this Industrial Park, a total of 124 firms took advantage of low-cost labor available in the North employing around 54,000 people from DPRK to compete with China to create low-end goods such as shoes, clothes, and watches before its abrupt closure in February 2016.