Exclusive Is the development of Jeonju Korean Textile Site crippled...'Early collection of PF loans'

The trillion-unit development project being promoted at the site of the old textile factory in downtown Jeonju, Jeollabuk-do, is on the verge of being suspended.

According to the industry, the Jeonju Korea Textile Site Development Project suffered an event of default (EOD) on the 11th.

The loss of time-limited profits refers to the early recovery of loans lent by financial institutions to debtors, and it is understood that the lender, which lent hundreds of billions of dollars, gave the developer Jagwang a negotiable deadline of up to two months.

In this regard, it is reported that the self-luminous side has delivered a plan to normalize the business to the major corporation council.

YTN reached out to Jagwang several times to hear about concerns about the business disruption and the direction of its future response, but they couldn't reach it.