(Jeju, South Korea) — When it was sold for a song in 2014, the plot of land was little more than an undeveloped stretch on a South Korean tourist trap for Chinese vacationers called Jeju Island.
About the size of New York City’s Central Park, the plot had been left vacant for years because few could afford the enormous amount of money needed to develop it, according to Kim Yong-cheol, a South Korean certified public accountant with knowledge of the matter.