The latest loss is $36 million, according to the Yonhap news agency
The 2012 edition of the Yeongam event was the third since 2010, and all of them have recorded big losses.
The latest loss is $36 million, according to the Yonhap news agency.
“Just because the loss was reduced, I am not sure we can call this year’s race a success,” said South Jeolla council member Seo Dong-wook.
“We will need to take some fundamental steps to change it.”