Kim Dong-yeon "Great Whale Project a National Scam... Disgusting"

Gyeonggi Province Governor Kim Dong-yeon expressed his dismay, stating that the Dae-wang-gorae Project under the Yoon Seok-yeol administration ended as a nationwide scam.

On the 7th, Governor Kim posted on his social media, "The Dae-wang-gorae Project, which misled the public by claiming it was worth five times the market capitalization of Samsung Electronics and that we are now an oil-producing country, has ended as another nationwide scam," and criticized, "The minister's words, 'It was unintentional but regrettable,' are even contemptible."

He continued, "Even amid the impeachment trial, I hope the main person responsible for leading this nationwide scam apologizes to the people first," and advised, "The government should also take a responsible stance and begin damage control."

Text and photo posted by Kim Dong-yeon, Governor of Gyeonggi Province, on his SNS on the 7th

In particular, he urged the ruling party (People Power Party), saying, "I also call on the ruling party to stop the reckless act of trying to revive the Dae-wang-gorae Project budget."

Furthermore, he added, "I hope there will never again be lighthearted remarks or actions that deceive the public swirling around the government and politics."

The Dae-wang-gorae Project was a venture that attracted global attention when President Yoon Seok-yeol held a press conference in June last year, announcing the very high possibility of oil and gas reserves amounting to up to 14 billion barrels. At that time, Minister of Industry An Deok-geun also explained, "The estimated value of the oil and gas fields in the East Sea is about five times the market capitalization of Samsung Electronics."

However, a senior official from the Ministry of Trade, Industry and Energy told reporters at the Government Complex Sejong on the 6th, "The first exploratory drilling of Dae-wang-gorae confirmed some signs of gas, but the scale was not significant, nor was it economically viable."

This content was produced with the assistance of AI translation services.