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Therme Group plans US$200m urban wellbeing resort in South Korea
POSTED 23 Nov 2022 . BY Megan Whitby
Incheon borders South Korea's capital city of Seoul Credit: Shutterstock/Stock for you

Credit: Therme Group
Our global development programme will bring the world's most advanced wellbeing concept to iconic locations in cities worldwide
– Stelian Iacob
Thermal wellbeing organisation and developer Therme Group has partnered with the Incheon Free Economic Zone (IFEZ) to create a year-round wellbeing destination in the South Korean city of Incheon.

Therme has announced that it’s working with the mayor of Incheon Metropolitan City Yoo Jeong-bok and IFEZ commissioner Kim Jin-yong to build a wellbeing resort that can welcome upwards of one million people per year.

Therme creates natural urban oases for communities and family members of all ages to have fun, relax and unwind – to help boost their physical and mental health. It says that Korean traditions of saunas, hot pools, wellness experiences and health-giving food align closely with this concept.

Expected to cost over US$200m (£166.9m, €193.6m) to create, Therme claims the resort will reflect the country’s distinct history and culture.

“Therme Group’s wellbeing resort will not only attract tourists to Incheon and help drive the region’s economy, but it will also boost health and wellbeing in the population as Incheon continues to grow as a leading global city,” said Kim Jin-yong, IFEZ commissioner.

Therme Group senior vice-president and COO, Stelian Iacob, added: “Our close partnership with Incheon and IFEZ will enable us to continue our global development programme, bringing the world's most advanced wellbeing concept to iconic locations in cities worldwide.”

A letter of cooperation between Therme and IFEZ was signed in Frankfurt last week. Subject to a finalised agreement and a construction-ready site, the resort will take two to three years to complete.

The Incheon resort will offer a natural environment delivered through sustainable engineering.

Therme resorts are LEED accredited to the highest ‘Platinum’ level. The group was recently rewarded for its sustainability efforts and honoured with a double gold for ‘Conserving Water and Improving Water Security and Supply for Neighbours’ at the World Travel Market (WTM) Global Responsible Tourism Awards.

Major growth plans
Therme has three existing resorts in Germany – in Schwarzwald, Sinsheim and Euskirchen respectively – and a fourth resort in Bucharest, Romania.

In recent years, the company has outlined major growth ambitions and now has a sizable development pipeline.

Therme has announced plans to open another property in Germany as well as flagship wellbeing resorts in England, Canada and Scotland, alongside introducing urban wellbeing centres to five US cities, including New York, Los Angeles and Washington DC.

The announcement of its South Korean destination marks Therme's 10th pipeline property.

From L to R; IFEZ deputy Director, Nicholas Kim; Therme Group senior vice-president, Stelian Iacob; IFEZ commissioner, Kim Jin-yong; and Therme Group Korea representative, Kim Insook Credit: Therme Group
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NEWS
Therme Group plans US$200m urban wellbeing resort in South Korea
POSTED 23 Nov 2022 . BY Megan Whitby
Incheon borders South Korea's capital city of Seoul Credit: Shutterstock/Stock for you
Credit: Therme Group
Our global development programme will bring the world's most advanced wellbeing concept to iconic locations in cities worldwide
– Stelian Iacob
Thermal wellbeing organisation and developer Therme Group has partnered with the Incheon Free Economic Zone (IFEZ) to create a year-round wellbeing destination in the South Korean city of Incheon.

Therme has announced that it’s working with the mayor of Incheon Metropolitan City Yoo Jeong-bok and IFEZ commissioner Kim Jin-yong to build a wellbeing resort that can welcome upwards of one million people per year.

Therme creates natural urban oases for communities and family members of all ages to have fun, relax and unwind – to help boost their physical and mental health. It says that Korean traditions of saunas, hot pools, wellness experiences and health-giving food align closely with this concept.

Expected to cost over US$200m (£166.9m, €193.6m) to create, Therme claims the resort will reflect the country’s distinct history and culture.

“Therme Group’s wellbeing resort will not only attract tourists to Incheon and help drive the region’s economy, but it will also boost health and wellbeing in the population as Incheon continues to grow as a leading global city,” said Kim Jin-yong, IFEZ commissioner.

Therme Group senior vice-president and COO, Stelian Iacob, added: “Our close partnership with Incheon and IFEZ will enable us to continue our global development programme, bringing the world's most advanced wellbeing concept to iconic locations in cities worldwide.”

A letter of cooperation between Therme and IFEZ was signed in Frankfurt last week. Subject to a finalised agreement and a construction-ready site, the resort will take two to three years to complete.

The Incheon resort will offer a natural environment delivered through sustainable engineering.

Therme resorts are LEED accredited to the highest ‘Platinum’ level. The group was recently rewarded for its sustainability efforts and honoured with a double gold for ‘Conserving Water and Improving Water Security and Supply for Neighbours’ at the World Travel Market (WTM) Global Responsible Tourism Awards.

Major growth plans
Therme has three existing resorts in Germany – in Schwarzwald, Sinsheim and Euskirchen respectively – and a fourth resort in Bucharest, Romania.

In recent years, the company has outlined major growth ambitions and now has a sizable development pipeline.

Therme has announced plans to open another property in Germany as well as flagship wellbeing resorts in England, Canada and Scotland, alongside introducing urban wellbeing centres to five US cities, including New York, Los Angeles and Washington DC.

The announcement of its South Korean destination marks Therme's 10th pipeline property.

From L to R; IFEZ deputy Director, Nicholas Kim; Therme Group senior vice-president, Stelian Iacob; IFEZ commissioner, Kim Jin-yong; and Therme Group Korea representative, Kim Insook Credit: Therme Group
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GWI partners with Therme Group to bring UK wellness research to Geography of Wellness platform


Industry research and educational organisation the Global Wellness Institute (GWI) has announced that the UK is the latest country to be highlighted on its new Geography of Wellness microsite.
Therme Group planning flagship US facility in Washington DC


Global wellbeing organisation Therme Group US and Washington DC Mayor Muriel Bowser have signed a deal to work together toward identifying a site for a new Therme facility.
MORE NEWS
Mubadala makes €1 billion bid for Pierre and Vacances
Abu Dhabi-based investment firm Mubadala Capital has made a binding, fully financed €1 billion offer to acquire Pierre and Vacances SA, the European holiday resort operator behind the continental European Center Parcs business.
Expo 2030 Riyadh will create a permanent global destination
Expo 2030 Riyadh is being planned as a permanent visitor destination, with organisers confirming the six-million-square-metre site will become a Global Village after the event closes.
Australian waterpark acquisition creates new leisure attractions group
The owner of one of Australia's best-known waterparks has acquired a major competitor, creating a new attractions business spanning two of the country's largest visitor destinations.
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DJW

David & Lynn Willrich started the Company over thirty years ago, from the Audio Visual Department [more...]
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23-26 Aug 2026

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