The announcement of the agreement followed a weekend meeting between North Korean leader Kim Jong Il and Hyundai chairwoman Hyun Jeong-eun.

CNN: Two Koreas to discuss reunions for split families

SEOUL, South Korea (CNN) -- As the chairwoman of South Korea's Hyundai group, Hyun Jeong-eun, faces business challenges few other executives can imagine.

CNN: Doing business in North Korea

The visit by former first lady Lee Hee-ho and Hyun Jeong-eun, chairwoman of the Hyundai Group, is the only one that has been officially approved by governments in both countries, which technically remain in a state of war, for a tribute to Mr. Kim.

WSJ: North Korea Bids Farewell to Kim Jong Il