17 billion $~ spent with little to show for it, with much allegations of corruption between President Lee & his ex-employer Hyundai constructions.

https://www.youtube.com/watch?v=L0ANQBP0Cq8 6 million $ spent on "robo-fish" to detect & observe water conditions, 7/9 units DOA; met 10% of targeted spec (speed/data networking bandwidth capabilities)

I think government sanctioned projects can work if the leader in charge has proper intent and skills & leadership to steer the resources.

This is far from the case with current Korean leadership; as Ms.Park was elected mostly based on her name recognition/ positive sentiments left by her dad. She is widely considered to be one of the most incompetent president ever to be elected into office.