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The main opposition Democratic Party of Korea (DPK) on Thursday called on Gangwon Province governor to step down over a debt default linked to the Legoland theme park project. . ....
Korean Finance Minister Choo Kyung-ho plans to hold an emergency meeting with the country s central bank chief and top financial regulators on Sunday to discuss ways to rein in market jitters stemming from a default on debt linked to the construction of the Legoland theme park. ....
As uncertainties stemming from a default in project financing (PF) for the construction of a Legoland amusement park in Gangwon Province add to woes in the domestic bond market, Korea s top financial regulator said it will inject 1.6 trillion won ($1.1 billion) into the debt market, while ensuring additional liquidity to cover short-term loans. ....
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