The "Dream Hub" in Seoul was supposed to be a "city within a city" — home to a dozen skyscrapers, waterfront parks, and business and residential facilities.
But the $28 billion project, officially called the Yongsan International Business District, is on the line after developers defaulted on a major loan repayment amid a real estate slump, AFP reports.
We won't know whether the project will go bankrupt until June, when another round of loans matures.
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