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Busan News for Thursday, March 4th, 2010

East Busan Tourism Complex Sites to be Sold

Sites at the DongBusan tourism complex will be will be divided and sold separatedly now that the project has been delayed for a short time due to a lack of investors. The Busan Metropolitan Corporation said that it is hard to more forward with the project because it has yet to draw in a massive resource of capital. The corporation said that it would find investors by slicing up the complex into individual units and facilities. The entertainment and beach zones will be divided into 185 square meters plots first and investors will be sought after until the 25th. This new tactic has increased the voices of concern about the project now that it is proceeding in a way without unity.

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