The government’s hyperbole about the reserve possibly holding a commercial value five times greater than Samsung Electronics’ market cap can prove to be a pipe dream if it is not backed by strong grounds for economic feasibility.
The preliminary feasibility study system is close to crumbling.
Exemptions from the feasibility study should be minimized to execute national projects based on objective grounds.
Korea has a checkered history with the Saemangeum development project and plans to construct a new airport in the Yeongnam region, which comprises Busan, Daegu, and North and South Gyeongsang provinces. They are both hot-potato...
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