Gangwon Province Governor Kim Jin-tae has been facing criticism from both the ruling and opposition parties for his “hasty” decision not to fulfill a payment guarantee for the developer of Legoland Korea, creating a liquidity crunch in the nation s corporate bond and commercial paper markets. During the ruling People Power Party s (PPP) emergency committee meeting, floor leader Rep. Joo Ho-young blamed the Gangwon governor and warned of a butterfly effect.
Kolon Global recently liquidated a special purpose entity established for the construction of the Korea-China Cultural Town in Hongcheon, Gangwon Province, in the wake of harsh criticism from the public earlier last year, according to its 2021 business report, Thursday.
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