However, it took 10 years more to initiate the project of construction of high-speed railway. The public opinion was formed that several feasibility studies should be done because the project needed lots of money. Also, because of preparation for the Seoul Olympic in 1988, the government suffered from narrow resources. However, one of candidates for the presidency presented the High-speed railway project as election pledge, and the project began in earnest after he became president. In 1989, the institutions to manage its preparation were established: the Gyeongbu High Speed Electric Railway & New International Airport Committee, and the High Speed Electric Railway Planning Department. In 1991, the law for Korea High-Speed Railway Construction Authority was proclaimed, and the project started to be governed by the corporation.