The Lego crisis has hit the corporate world hard.

Industry authorities said Tuesday that the difficulty large enterprises have in raising capital is directly related to the default in project financing for the development of the Legoland Korea entertainment park in Gangwon Province.

Affiliates of the SK, Lotte, and Hyosung groups raised capital through primary collateralized bond obligations (P-CBOs) guaranteed by the state-run Korea Credit Guarantee Fund before the Gangwon provinci....