Hyundai Asan is expected to generate a huge loss due to the Mount Geumgang tours that had been temporarily suspended for the past three months . According to Hyundai Group on October 10 , Hyundai Asan has suffered around 40 billion won of loss as of end of September since the Mount Geumgang tours had been ceased on July 11 . Hyundai Asan anticipated the corporate loss to double to nearly 80 billion won at the maximum in case the tour suspension continues until the end of this year . Hyundai Asan stated , “ At least roughly 80 , 000 tourists had made reservations for Mount Geumgang tours from July to September this year , and when estimating individual tour expenses at 300 , 000 won and individual expenses required for using local products and facilities at 100 , 000 , the loss is expected to reach around 40 billion won . Such an amount of loss includes wages for employees working at local hotels , lodging and duty free shops . ” Although October is the great peak tourist season , Hyundai Asan is distressed by lackluster tourism in October this year . While total 64 , 000 tourists had visited the Mount Geumgang in October last year , tours are being completely sluggish this year , thus the company ’ s operating loss for this year is predicted to inevitably deteriorate . Consequently , Hyundai Asan sharply lowered this year ’ s annual sales target to around 250 billion won from 300 billion won last year , and decided to focus on boosting the earnings in tourism and construction sector of the Kaesung Industrial Complex . [ Eun - jung Kim / JYJ ] [ ⓒ Maeil Business Newspaper & mk . co . kr , All rights reserved ]