A $1 copper mine
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The sale of the El Boleo copper mine in Mexico for a nominal $1 is more than a failed overseas investment. It is a stark indictment of how Korea has managed public resources, corporate governance and long-term economic strategy. Roughly $2 billion in public funds, channeled into El Boleo through the state-run Korea Mine Rehabilitation and Mineral Resources Corp. (KOMIR) and its predecessor, has effectively evaporated. Years after the project’s collapse became evident, accountability remains elus
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