A leading U.S. real-estate developer teamed with the South Korean government and one of that country’s biggest construction firms to create a “smart” city on 1,500 acres of reclaimed land near Seoul. Now, 17 years and more than $20 billion later, the partnership between Gale International and Posco Engineering & Construction Co. and its dream of becoming an international center of business and finance is in tatters.

Source: Wall Street Journal June 11, 2019 14:02 UTC