You will be redirected back to your article in seconds

Universal Korea park plan unveiled

$3.1 billion theme park will create 58,000 jobs

Universal Studios unveiled details of its planned $3.1 billion theme park in South Korea on Tuesday.

Universal Studios Korea is skedded to open in 2012 in Hwaseong, a coastal city 25 miles southwest of Seoul.

It will be similar in scale to Universal’s largest theme park in Orlando and feature a shopping mall, golf courses, hotels, conference facilities, a spa and numerous rides.

Park will aim to attract 10 million visitors a year.

Organizers estimate the project will create 58,000 jobs.

Local partners include Gyeonggi Province, Posco Engineering and Construction, the state-run Korea Development Bank, Shinhan Bank and Korea Investment & Securities.

An MOU signing ceremony took place in Seoul on Tuesday.

Project was announced in May, but a location had not been confirmed.

Paramount and MGM plan to open parks in Korea in 2009 and 2011, respectively.

More Biz

  • Jean-Michel Jarre

    CISAC Reports Global Royalty Collections Hit Record $10 Billion

    Universal Studios unveiled details of its planned $3.1 billion theme park in South Korea on Tuesday. Universal Studios Korea is skedded to open in 2012 in Hwaseong, a coastal city 25 miles southwest of Seoul. It will be similar in scale to Universal’s largest theme park in Orlando and feature a shopping mall, golf courses, […]

  • John Lasseter Pixar

    John Lasseter Takes Leave of Absence From Disney/Pixar, Apologizes for Unwanted Hugs

    Universal Studios unveiled details of its planned $3.1 billion theme park in South Korea on Tuesday. Universal Studios Korea is skedded to open in 2012 in Hwaseong, a coastal city 25 miles southwest of Seoul. It will be similar in scale to Universal’s largest theme park in Orlando and feature a shopping mall, golf courses, […]

  • at&t time warner merger

    AT&T-Time Warner Merger: Does the DOJ Have a Case?

    Universal Studios unveiled details of its planned $3.1 billion theme park in South Korea on Tuesday. Universal Studios Korea is skedded to open in 2012 in Hwaseong, a coastal city 25 miles southwest of Seoul. It will be similar in scale to Universal’s largest theme park in Orlando and feature a shopping mall, golf courses, […]

  • Al Franken

    Former Female 'Saturday Night Live' Staffers Issue Statement of Support for Al Franken

    Universal Studios unveiled details of its planned $3.1 billion theme park in South Korea on Tuesday. Universal Studios Korea is skedded to open in 2012 in Hwaseong, a coastal city 25 miles southwest of Seoul. It will be similar in scale to Universal’s largest theme park in Orlando and feature a shopping mall, golf courses, […]

  • Harvey Weinstein

    Female-Led Investor Groups Target Weinstein Co. Acquisition

    Universal Studios unveiled details of its planned $3.1 billion theme park in South Korea on Tuesday. Universal Studios Korea is skedded to open in 2012 in Hwaseong, a coastal city 25 miles southwest of Seoul. It will be similar in scale to Universal’s largest theme park in Orlando and feature a shopping mall, golf courses, […]

  • Randall Stephenson

    AT&T Begins PR Battle Against Justice Department From CNN News Room

    Universal Studios unveiled details of its planned $3.1 billion theme park in South Korea on Tuesday. Universal Studios Korea is skedded to open in 2012 in Hwaseong, a coastal city 25 miles southwest of Seoul. It will be similar in scale to Universal’s largest theme park in Orlando and feature a shopping mall, golf courses, […]

More From Our Brands

Access exclusive content