The International Finance Complex is perhaps the largest South Korean-backed real estate project in Cambodia to feel the financial pinch. Korean firm GS Construction & Engineering broke ground in June on the IFC's seven skyscraper mixed-use complex near the Tonle Bassac. But the entire development has now been postponed until at least 2010, and then only three of the original planned seven buildings will be built. The project, originally projected to cost $1 billion, has been winnowed down to around $500 million.
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