Arab Today, arab today investors split over plan to salvage megaproject
Last Updated : GMT 15:02:17
Arab Today, arab today
Arab Today, arab today

Investors split over plan to salvage megaproject

Arab Today, arab today

Arab Today, arab today Investors split over plan to salvage megaproject

Seoul - Yonhap

Investors involved in South Korea\'s largest urban development project are divided over whether to accept a series of measures aimed at putting the troubled project back on track, an official said Thursday. The split comes days after state-run Korea Railroad Corp. (KORAIL) offered to provide 260 billion won (US$234 million) in emergency funds to salvage the project if the 29 investors agree to revise details of the project and overhaul the management of Yongsan Development Co. and Dreamhub Project Financing Vehicle Co.

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