At the negotiations the north side notified the south side of the decree of the Presidium of the Supreme People's Assembly of the DPRK on setting the special zone for international tour of Mt. Kumgang and the law on special zone for international tour of Mt. Kumgang and clarified the stand of the DPRK on readjusting the real estates to implement them and then proposed those concerned of the south side to choose between their participation in international tour and lease or sale.

Those concerned of the authorities of the south side barred those non-governmental businessmen present at the negotiations with them from saying any words. They insisted that Hyundai monopoly and the north-south agreement should be observed, asserting that the law on special zone for international tour of Mt. Kumgang and the proposal on readjusting the real estates according to it are a breach of the contract made between the parties concerned and the agreement on guaranteeing investment. They also said they would "take legal and diplomatic steps." Then they came out with "three-point conditions" for lifting the steps for confiscating and freezing the real estates of the south side and resuming tour, obstructing the readjustment of properties.

Three non-governmental businessmen of the south side could not properly express their views, reading the face of others under the pressure of those concerned of the authorities of the south side. They only complained of their embarrassing position, saying they can't do anything if the authorities reject, though they wish to participate in international tour of Mt. Kumgang.

Those concerned of the authorities of the south side meddled in the separate meeting and discussion held between the north side and non-governmental businessmen.

The north side reminded the attendants that the issue of readjusting the real estates surfaced owing to the unilateral suspension of tour by the authorities of the south side and the DPRK suffered big losses due to the suspension of tour for the past three years, demanding the authorities of the south side compensate for this.

The north side held that the authorities of the south side should neither poke their noses into the work of readjusting the real estates nor disturb it as the recent step was taken by the DPRK to protect the right to properties of those concerned of the south side.

Nevertheless, those concerned of the authorities of the south side insisted on their unreasonable stand, keeping the non-governmental businessmen from expressing their will.

Strongly accusing those concerned of the authorities of the south side of their reckless and dishonest attitude, the north side said that it would have another round of negotiations if the businessmen of the south side go back and make further study to have their stand. It declared it would legally dispose of the real estates of the south side as already proclaimed by it, should the south side not clarify its stand till the end of July.

Those concerned of the authorities of the south side said they would go back, make a report to their superior and notify the north side of the stand on the next negotiations through an appropriate channel.