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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
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Renderings have been released for a new science centre and planetarium coming to Sacramento, California, in 2020.
New aquarium to open in Montonegro in 2020
Montenegro’s Institute of Marine Biodiversity is building an aquarium, with the new attraction to sit underneath the Marine Biodiversity Conservation Centre in the coastal town of Kotor.
Eddie Kemsley returns to Dreamland as CEO
Dreamland – the heritage theme park in Margate, England – has confirmed the reappointment of its former chief executive officer Eddie Kemsley to the same position, two years after she left the business to take over at Kidzania London.
Canadian National Gallery CEO Marc Mayer steps down
Marc Mayer is stepping down as director and CEO of the National Gallery of Canada today to pursue new challenges, following a 10-year stint in the role.
+ More news   
LATEST JOBS
Centre Director
Live Borders
Salary: Competitive
Job location: Galashiels, UK
Fundraising Officer - Berry Theatre and The Point
Eastleigh Borough Council
Salary: Circa £30,000
Job location: Eastleigh, UK
Expressions of Interest - High Lodge attractions
Forestry Commission
Salary:
Job location: Thetford, UK
Attraction (High Wires) Manager
Magna Vitae
Salary: £30,153 per annum
Job location: Skegness, UK
Operations Manager
Longleat
Salary: £28,000 to £35,000 per annum
Job location: Longleat, Warminster, UK
Glamping Site Manager
Chessington World of Adventures
Salary: Competitive
Job location: Chessington, UK
+ More jobs  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2019

ABOUT LEISURE MEDIA
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