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00:00:00
>>
FOREIGN]
> Wander a few miles from these white sandy beaches and you could find yourself somewhere with a very different vibe. One of Kim Jong-un's favorite firing ranges. Both a part of the North Korean City of Wonsan. A seaside town where the supreme leader is making big plans.
00:00:19
Kim wants to transform the area into a global vacation hotspot, equipped with a $125 million golf course, a brewery, and even a seafood firm. Tourism is one of the few North Korean industries that hasn't been directly hit with UN sanctions. And experts say that alongside Kim's plans to perfect nuclear weapons, he's also targeting economic development to carry the country forward.
00:00:44
Reuters James Pearson explains why this particular project is close to Kim's heart.>> Wonsan is a city on the east coast of North Korea where Kim Jong-un spent a lot of his childhood. And the reason for that is that the Kim family palace, or at least their summer palace, is in Wonsan.
00:01:00
There he's got a private runway. He's got his private train station and he basically grew up there when his father, formerly the Kim Jong-il, was running the country. He's trying to open it up and turn it into this major tourist destination. He wants billions of dollars of foreign investment to come in and yet at the same time, it's right at the center of his missile program.
00:01:18
It's kind of underlying some of the fundamental contradictions, at least, on the outside, within North Korean society.>> Wonsan is also politically significant, marking the place where Kim Jong-un's grandfather landed in 1945 to topple Japan's colonial rule. Experts say Kim wants the project to cement his image as a builder.
00:01:37
The problem is, he's going to need a lot of foreign money to make it happen.>> So far investors aren't exactly flocking into North Korea at the minute. And certainly, at least from our research, we found that basically no one's invested in this huge plan to redevelop Wonsan.
00:01:51
However, what we have heard is that they're getting some of the money domestically. Despite it's kind of almighty image in terms of how the state likes to present itself, North Korea is actually becoming increasingly capitalist. So there's a lot of domestic investment coming from some of these new state-earned enterprises, as well.
00:02:08
>> Kim's already furnished Wonsan with a ski resort and an international airport that doubles up as a test fire range. But now that the UN has slapped international sanctions on all joint ventures with state-owned companies, selling investors the Supreme Leader's vision of a city where fun meets guns will be no easy task.