World Brief

SEOUL — Korean carmaker Daewoo Motor Sales revealed it is in talks with Paramount to construct a theme park 60 kilometers west of Seoul.

To be financed by Daewoo, Paramount and the city of Incheon, the project’s cost is estimated at between $746 million and $852 million.

The 495,000-square-meter plot of land owned by Daewoo is located within New Songdo City, which is slated to be developed in the coming decade into a high-tech international business hub.

A Daewoo rep said they hope to wrap up final negotiations in the next six months, in order to start construction by year’s end.

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