[Asia Economy Reporter Ra Young-cheol] Gangwon Province announced on the 27th that it will fully repay the 205 billion KRW guarantee debt of Gangwon Jungdo Development Corporation (GJC) for the promotion of the Legoland Korea Resort (Legoland) project by December this year.



Jung Kwang-yeol, Deputy Governor for Economic Affairs of Gangwon Province, held a press conference at the Gangwon Provincial Office on the same day and said, "This matter was directly negotiated between Kim Jin-tae, Governor of Gangwon Province, and Choo Kyung-ho, Deputy Prime Minister for Economy. Gangwon Province will take responsibility for stabilizing the financial market and communicate closely with the government." Previously, Gangwon Province had announced that it would allocate a budget and fully repay the guarantee debt by January 29, 2023.


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