Article

Changwon City is appealing a lawsuit loss to creditors who are considering seizing 34 billion won in assets from the Changwon Industrial Promotion Agency amid a troubled liquefied hydrogen plant project. The creditors have initiated enforcement proceedings that could disrupt operations at eight hydrogen charging stations, raising concerns among users. The city faces criticism for its inadequate long-term debt management as it grapples with the financial implications of a mandatory purchase clause requiring daily hydrogen purchases.