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NABO in the Press

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Tale of two economies in Korea
The Korea Times - July 30, 2010
The booming economy has become a double-edged sword for President Lee Myung-bak. The more economy grows, the more the people feel alienated and polarized.
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Debt Disaster for Land &Housing Corp. 
The Dong-A Ilbo - July 28, 2010
Korea Land and Housing Corp. will reconsider its 120 projects nationwide following the announcement of its suspension of a redevelopment plan for downtown Seongnam, Gyeonggi Province.
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Bill to regulate size of local office buildings
The Korea Herald - July 28, 2010
Amid controversies over the excessive spending of some local governments on the construction of new office buildings, a revised bill was approved Tuesday to restrict their size depending on the number of residents per municipality.
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Seongnam City may file suit against LH Corp. over debt
The Korea Herald - July 27, 2010
The dispute between Seongnam City and the Korea Land & Housing Corporation over the city government’s recent declaration of a moratorium on its debts payments took a new twist after the state-run company suspended a major redevelopment project Monday.
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Concern grows over cities in the red
The Korea Herald - July 14, 2010
Concerns have been growing over the financial health of local governments here following Monday’s declaration by Seongnam City of a moratorium on its debts. Seongnam, one of the wealthiest cities in the nation, became the first municipal government to default on its debt.
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