MUNSAN, South Korea—Hopes for a lasting deal between the U.S. and North Korea are driving some courageous investors to place the ultimate bet on peace: They’re snapping up land in South Korea near the heavily fortified demilitarized zone. Buyers are focusing on pockets of rural land near the city of Paju that fall within South Korea’s civilian control zone, according to property agents. The 528-square-mile zone is a sparsely populated strip marked by watchtowers, tank traps and barbed wire that extends several miles south...

Source: Wall Street Journal June 06, 2018 15:43 UTC