Incheon IR development Midan City granted 12-month construction extension

South Korea’s Ministry of Culture, Sports and Tourism has granted R&F Korea (RFKR) a 12-month extension, until 17 March 2023, to its deadline for completion of its Midan City Resort Complex development in Korea.

According to Gyeonggi News, the extension was granted on Friday on the condition that RFKR agree to increase its total project investment by 5%.

The company had requested a two-year extension until March 2024 but was offered 12 months instead, however it is reported that RFKR – the local arm of Hong Kong-listed Guangzhou R&F Properties Co Ltd – plans

Source: https://www.asgam.com/index.php/2022/03/21/incheon-ir-development-midan-city-granted-12-month-construction-extension/