Hotel of Doom gets a makeover: North Korea’s Ryugyong Hotel, commonly known as Hotel of Doom, got a makeover, according to the Associated Press. The renovations showed “two broad new walkways leading to the building and the big red propaganda sign declaring that North Korea is a leading rocket power.” The hotel was “little more than an embarrassing concrete shell for well over a decade” before Orascom Group helped pay for work to complete building its exterior in 2011, the piece notes. Orascom Telecom Media and Technology had to write off the fair value of its mobile operator in North Korea, Koryolink, in 2015, as its auditor was “not able to verify the fair value that will be recovered at the balance sheet date.” The company also exited a banking venture in the hermit country in December 2016.

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