Contractors constructing the Jeju Healthcare Town have applied for provisional seizure of the Greenland International’s assets and filed a lawsuit requesting the payment.

With the provincial government announcement to revoke the license of the Greenland International Hospital, we are expecting a prolonged suspension of the healthcare town construction project.

Todd Thacker reports.

A number of major domestic building contractors took part in the construction of the Jeju Healthcare Town.

[slug] Major domestic contractors suspends construction in 2017

However, in 2017 when Greenland International failed to pay for work done on the hotels and commercial buildings in the town, these contractors suspended construction.

[slug] Contractors opt out of the project and sue Greenland Int’l

Some contractors have since vacated the construction site and applied for the provisional seizure of assets from Greenland International.


This ongoing legal process began in October 2017 and in the case of three contractors exceeds a total of 120 billion won.

Because the developer failed for over a year to pay for work on the project, at the end of 2018 the contractors filed a lawsuit against Greenland International to request payment.


Provisional Seizure of Greenland Int’l Assets
(Oct., 2017)

Daewoo Engineering & Construction 52.8 bln won
Posco Engineering & Construction 39.6 bln won
Hanwha Engineering & Construction 29.2 bln won
-> Sum: 121.8 bln won

Lawsuit against Greenland Int’l seeks payment for construction work (filed at end of 2018)



[slug] Three major construction companies sue Greenland for \2.1B

Meanwhile, three local companies involved in the construction of the town have failed to receive some 2.1 billion won in payments. They have also applied for the provisional seizure of assets from Greenland International. The developer has only paid half of the uncollected amount.

[slug] Provisional seizures cause Greenland Int’l to sue province

Greenland International has filed its own lawsuit against the province seeking compensation. Some say this is due to ongoing litigation regarding the provisional seizures.

Park Min-suk / Vice-chairman of Korean Health and Medical Workers' Union
Greenland is only seeking compensation, so we can concluded that the group has no intentions of resuming the Health Care Town Project.
<박민숙/전국보건의료산업노조 부위원장>
"전혀 의지가 없는 것 같고, 개원허가 취소 관련해서 더 많은 손해배상 금액을 청구하기 위해서 소송하려고만 하지 실제로 개원하고자 하는 의지를 갖고 있다고 판단하지 않아요."

[Reporter] Todd Thacker
[Camera] Kim Yong-min
[CG] Kim Eun-kyo

With the annulment of the license of Greenland International Hospital and dwindling sources of revenue, the future of the Jeju Healthcare Town project remains unknown.

Todd Thacker, KCTV