Gangwon-do Governor Kim Jin-tae reaffirmed his position that he would pay off the collateral debt within the next year, saying he was sorry about the “Legoland incident”.
Governor Kim said in a meeting with reporters today (24), “I am very sorry that this incident has caused unnecessary confusion and misunderstanding in the difficult money market, even if it is not intentional.”
Governor Kim Jin-tae continued: “Gangwon-do said he would surely fulfill his guarantee obligations from the start.” “The timetable for paying the guarantee debt is a little earlier, but since it will have to be paid at any time, I will pay it back by January next year,” he said.
“Gangwon province has presented a specific reimbursement program and the central government has also announced high resistance measures, so I hope the financial market will find stability soon,” he added.
Governor Kim, however, expressed his intention to continue the process, saying, “I will sell the assets properly and guarantee the blood tax more than I paid for the guarantee debt.”
He also stressed: “The application for rehabilitation and non-compliance are completely separate and, according to article 250 of the Rehabilitation Act, ‘rehabilitation does not affect the secured bond'”, he stressed.
After announcing to the court that he would file an application for the rehabilitation of the Gangwon Development Corporation, Governor Kim Ji-tae caused chaos in the bond market. I stated that I will.
