Chung said he hopes to combine the north's steel, cement and labor with the south's capital and technology in developing the Kumgang project.
North Korea has agreed to let Western companies join in developing a resort area around scenic Mount Kumgang in the north, South Korean business tycoon Chung Ju-yung says.
The Mount Kumgang area, known for its beauty, is about 20 miles from the demilitarized zone that divides the Koreas.