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This article presents the model of 'business-track diplomacy' to test a state's utilization of economic engagement strategy as security policy. The model provides ways to think around security issues and alternative security options that go beyond the traditional military containment approach to security in international relations. As a case study, the article investigates Hyundai Group's Mountain Kumgang tourism with North Korea. In this case study, it demonstrates that not only the Kim Dae-Jung government's strong policy-making will of business-track diplomacy towards North Korea but also the Hyundai Group's business will and vulnerability of the North Korean economy played important roles in realizing the tour project and thus, enhanced inter-Korean economic cooperation.

The Utilization of Business-Track Diplomacy: The Hyundai Group's Mt. Kumgang Tourism under the Kim Dae-Jung Government