Gangwon governor slammed for triggering 'Legoland shock'
Legoland Korea resort in Chuncheon, Gangwon Province / YonhapBy Nam Hyun-wooGangwon 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 Gangwon Governor Kim Jin-tae and warned of a butterfly effect.“The Gangwon governor's announcement not to fulfil the payment guarantee, despite its capability, has sowed distrust and created a big stir in the market,” Joo said.Gangwon Province Governor Kim Jin-tae speaks during a semiconductor forum at the National Assembly in Seoul, Saturday. Courtesy of Gangwon ProvinceHe was also critical of Kim's predecessor, former Gangwon Province Governor Choi Moon-soon of the main opposition Democratic Party of Korea (DPK), saying Choi pursued the Legoland project “without considering the f
Oct 24, 2022By Nam Hyun-woo