Well, well, well... So we are finally starting to get a small glimpse of how much Jeju spent on the N7W
From the Korea Times:
Jeju defers payment of phone bills for seven wonders
from the article:
........
20 billion ..... BILLION...... Won and counting.
You notice from the last paragraph who is getting their cut, don't you? Yep, the "Non-profit" N7W group.
At least I tried, on this inconsequential blog, to raise the alarm about this whole thing when it first started. Too bad other media on the island didn't see fit to do the minutes of research (yes, minutes) it would have taken to expose this N7W scam and raise the alarm.
Even after all of this the powers-that-be are worried about losing the worthless designation - simply amazing.
Jeju defers payment of phone bills for seven wonders
from the article:
Jeju Special Self-Governing Province has not paid for hundreds of millions of international phone calls its employees made over the past few years to ensure the country’s southern resort island was selected as one of the New7Wonders of Nature in a worldwide poll.
A senior official overseeing the finances of the provincial government said Tuesday that it has asked KT, the country’s largest landline phone operator, to defer its phone bill indefinitely. He said the municipal administration is currently unable to make payments estimated to be about 20 billion won ($17 million).
........
“We asked KT to give us more time to make the payment. In the meantime, we expect KT to fulfill whatever business deals it has with the New7Wonders Foundation. I am 100 percent positive that Jeju will be confirmed as one of the new seven natural wonders,” he said.
When asked by The Korea Times, KT declined to comment on the issue, saying it cannot divulge client information.
KT, the country’s largest landline phone operator, signed an agreement with the New7Wonders Foundation to ensure phone voting was only possible through its lines. In return, the company promised to pay the Swiss-based organization a certain portion of its revenues as commission.
20 billion ..... BILLION...... Won and counting.
You notice from the last paragraph who is getting their cut, don't you? Yep, the "Non-profit" N7W group.
At least I tried, on this inconsequential blog, to raise the alarm about this whole thing when it first started. Too bad other media on the island didn't see fit to do the minutes of research (yes, minutes) it would have taken to expose this N7W scam and raise the alarm.
Even after all of this the powers-that-be are worried about losing the worthless designation - simply amazing.


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