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Legoland Korea given green light after funding agreement
POSTED 09 Jan 2019 . BY Andy Knaggs
We know Koreans love theme parks and love Lego
– Nick Varney
Merlin Entertainments is set to open its first Legoland theme park in South Korea, having entered into a partnership agreement that will draw significant local government funding and infrastructure support.

Scheduled to open in 2022, Legoland Korea will be Merlin’s tenth Legoland Park, following the launch of its New York park in 2020. The company believes there remains huge potential for further growth of the brand and reports that it's in advanced discussions regarding a number of sites for Legoland Parks in China, with opportunity for another 20 parks around the world.

The new park is to be situated upon the island of Hajungdo in Chuncheon, Gangwon Province – one hour’s journey to the east of the capital Seoul, and within a 2-hour drive of nearly 24 million people. The Korean Government, Gangwon Province and Chuncheon City have already invested in the construction of a new bridge to the island, and have undertaken groundworks on the site.

Legoland Korea will employ 1,600 people and will be fully owned and operated by Merlin. The resort will include a fully themed Legoland Hotel, and further retail and leisure offerings are planned as part of the island’s overall development.

The total cost of the resort is expected to be W290bn (US$258m, €226m £203m). Merlin Entertainments is to invest W210bn (US$187m, €163m, £147m) into the project, with the remainder being provided by LL Developments, which is the investment arm of Gangwon Province. Funding for additional infrastructure adjacent to the resort will be provided by national, regional and local governments.

Nick Varney, Merlin’s chief executive officer, said: "It’s been long in gestation, but I’m delighted that we are now in a position to move forward with opening Legoland Korea Resort. We know Koreans love theme parks and love Lego, and together with the Gangwon authorities, we have already established an attractive and well-connected site in Chuncheon.

"We remain excited about the potential of Legoland Parks, the rollout of which is a strategic growth driver for Merlin, and we continue to look at opportunities for further sites around the world."

The Lego brand was introduced to South Korea in 1984 and is a market leader in the territory. South Korea is Lego Group’s third largest market in Asia Pacific.
The Korean theme park will be the tenth Legoland Park – with more planned for the future Credit: Merlin Entertainments
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Jobs . News . Products . Magazine
NEWS
Legoland Korea given green light after funding agreement
POSTED 09 Jan 2019 . BY Andy Knaggs
We know Koreans love theme parks and love Lego
– Nick Varney
Merlin Entertainments is set to open its first Legoland theme park in South Korea, having entered into a partnership agreement that will draw significant local government funding and infrastructure support.

Scheduled to open in 2022, Legoland Korea will be Merlin’s tenth Legoland Park, following the launch of its New York park in 2020. The company believes there remains huge potential for further growth of the brand and reports that it's in advanced discussions regarding a number of sites for Legoland Parks in China, with opportunity for another 20 parks around the world.

The new park is to be situated upon the island of Hajungdo in Chuncheon, Gangwon Province – one hour’s journey to the east of the capital Seoul, and within a 2-hour drive of nearly 24 million people. The Korean Government, Gangwon Province and Chuncheon City have already invested in the construction of a new bridge to the island, and have undertaken groundworks on the site.

Legoland Korea will employ 1,600 people and will be fully owned and operated by Merlin. The resort will include a fully themed Legoland Hotel, and further retail and leisure offerings are planned as part of the island’s overall development.

The total cost of the resort is expected to be W290bn (US$258m, €226m £203m). Merlin Entertainments is to invest W210bn (US$187m, €163m, £147m) into the project, with the remainder being provided by LL Developments, which is the investment arm of Gangwon Province. Funding for additional infrastructure adjacent to the resort will be provided by national, regional and local governments.

Nick Varney, Merlin’s chief executive officer, said: "It’s been long in gestation, but I’m delighted that we are now in a position to move forward with opening Legoland Korea Resort. We know Koreans love theme parks and love Lego, and together with the Gangwon authorities, we have already established an attractive and well-connected site in Chuncheon.

"We remain excited about the potential of Legoland Parks, the rollout of which is a strategic growth driver for Merlin, and we continue to look at opportunities for further sites around the world."

The Lego brand was introduced to South Korea in 1984 and is a market leader in the territory. South Korea is Lego Group’s third largest market in Asia Pacific.
The Korean theme park will be the tenth Legoland Park – with more planned for the future Credit: Merlin Entertainments
PROJECT PROFILE:

Legoland New York
Merlin Entertainments has confirmed plans for a Legoland development in New York state, with its designer Forrec revealing to Attractions Management new details about the highly anticipated project.


RELATED STORIES
Merlin plans second Legoland park in China


Operator Merlin Entertainments is to bring a second Legoland resort to China – to add to the one under construction in Shanghai – in Sanya, Hainan Province.
Legoland bringing VR coaster racing experience to Florida, Malaysia and Germany parks


Merlin Entertainments has revealed plans to introduce a high-adrenaline virtual reality (VR) experience to rollercoasters in three of its parks.
MORE NEWS
Hugh Broughton Architects revamp 'Sistine Chapel of the UK'
British design practice Hugh Broughton Architects have completed an £8.5m (US$11.2m, €10m) refurbishment of Painted Hall at the Old Royal Naval College in Greenwich.
V&A Museum of Childhood interiors to be designed by AOC
The V&A Museum of Childhood (MOC) in East London has chosen architecture firm AOC to design the new interiors for its £13.5m (US$17.8m, €15.7m) overhaul project.
Regional museum in Chilean desert gets redesign from Studio Libeskind
The Museo Regional de Tarapacá in the Atacama Desert, Chile, has been reimagined by architect Daniel Libeskind’s practice Studio Libeskind.
Compagnie des Alpes acquires Austrian theme park Familypark
French theme park and ski resort operator Compagnie des Alpes (CDA) has acquired Austria's Familypark in a deal worth €72.5m (US$82m, £62.3m).
+ More news   
LATEST JOBS
Visitor Services Manager
Yorkshire Wildlife Park
Salary: Competitive
Job location: Branton, Doncaster, UK
Catering Manager
Welsh Water
Salary: £32,392 - £37,027
Job location: Conwy, UK
Retail Manager
The Silverstone Experience
Salary: Up to £30,000 pa
Job location: Silverstone, Towcester, UK
Human Resource Manager
Eureka
Salary: Circa £32,000 per annum
Job location: Halifax, UK
Assistant Director Visitor and Site Operations
Eureka
Salary: Circa £42,000 per annum
Job location: Halifax, UK
Attraction Manager - Conwy
Welsh Water
Salary: £39,966 - £46,960
Job location: Conwy, UK
+ More jobs  
 


ADVERTISE . CONTACT US

Leisure Media, Portmill House, Portmill Lane,
Hitchin, Hertfordshire SG5 1DJ Tel: +44 (0)1462 431385

©Cybertrek 2019

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