The only zoo in Busan “The Park” is extending its operation for three more years.
The city office was originally scheduled to take over the park by April of this year, but Samjeong Corporation decided to extend its operation.
The city office and Samjeong Corporation recently discussed the matter and came to this arrangement.
As part of the agreement, Samjeong asked the city office to lower its interest rates by half. It borrowed 50 billion won with the interest rate of 5.6 percent.