Government support signals green light for South Korean theme park plan | attractionsmanagement.com news
POST YOUR JOB ONLINE
Free ezine/digital edition sign up
Jobs   News   Features   Video    Products   Profiles   Magazine   Handbook   Advertise  
NEWS
Government support signals green light for South Korean theme park plan
POSTED 04 Dec 2019 . BY Andy Knaggs
The Hwaseong International Theme Park will capitalise on the K-pop boom that has become popular around the world
"We will introduce high-tech technologies such as Smart City, self-driving, AI and VR all over the complex"
– Chung Yong-jin
The long-proposed US$3.8bn (€3.4bn, £2.9bn) theme park at Hwaseong, 45km (30mi) from South Korea's capital Seoul, looks set to definitely go ahead, after the country's finance minister pledged the government's support.

Construction on the 4.2sq km (1.6sq mi) site in Gyeonggi Province is due to begin in 2021, with an initial opening of 2026 and full opening in 2031. To be built by Shinsegae Property Consortium, the park will feature five hotels, an 18-hole golf course and three shopping malls.

Reports suggest that huge Korean pop music (K-pop) and natural history areas will act as the centrepieces of the theme park. K-pop has gained massive traction around the world in recent years.

The park – which will be slightly bigger than New York's Central Park – will be Asia's second-largest theme park after Disneyland in Shanghai.

Finance minister Hong Nam-ki said the project could directly employ 15,000 people and would potentially generate around W70.6tn (US$58bn, €52.4bn, £44.6bn) for South Korea's economy. It's also reported that the theme park could be connected to Yeouido – South Korea's financial hub – by rail before 2026, cutting travel times to about 40 minutes.

Speaking in the Korea IT Times last month, Shinsegae Group vice-chair, Chung Yong-jin, said the intention was to create a theme park unlike anything else in the world.

"We will not simply develop a theme park, but make it a project that can create synergy effects by combining world-class accommodation, resorts, commercial facilities, golf course and residential complexes," he said.

"We will introduce high-tech technologies such as Smart City, self-driving, AI and VR all over the complex to become a future multi-tourism cluster where fourth industrial technologies are practically implemented."

Previous attempts to kickstart the project going back to 2007, including one to create a Universal Studio park, have fallen by the wayside. Shinsegae Property was selected as preferred bidder in February 2019.
PROJECT PROFILE:

Universal Studios South Korea
Universal’s plans to open a multi-billion dollar theme park and resort in South Korea have reportedly hit a stumbling block, with the consortium of Korean and Chinese investors behind the project divided over how to finance the mega development.


RELATED STORIES
US$4bn tourism complex in Korea will centre on huge K-pop theme park


A huge new development in Korea is set to go ahead after stalling twice since 2007, with the new attraction boasting a gargantuan K-pop and natural history theme park as its centrepiece.
MORE NEWS
Bletchley Park and Eltham Palace's immersive LGBTQ+ show among winners of UK Heritage Awards
The home of British codebreaking, Bletchley Park has been named among the winners of this year's UK Heritage Awards – alongside an immersive performance charting LGBTQ+ heritage.
IAAPA cancels Attractions EXPO – pivots to virtual event
IAAPA has cancelled this year's Attractions Expo in Orlando and pivoted to a digital event, announcing a new virtual conference will take place on the same dates – 16-18 November.
Warner Bros. to open Harry Potter studio attraction in Japan
Warner Bros. has revealed plans to develop a Harry Potter studio tour attraction in Japanese capital Tokyo.
Reykjavik city centre set to welcome ocean-side geo-thermal wellness lagoon in 2021
Attractions and hospitality brand, Pursuit, has unveiled plans to develop a premium oceanfront geothermal lagoon in Iceland.
+ More news   
LATEST JOBS
+ More jobs  

COMPANY PROFILES
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
Triotech

Triotech was established in 1999. The company is based in Montreal, Canada and has additional offi [more...]
+ More profiles  
FEATURED SUPPLIER

Painting with Light pushes boundaries to create unforgettable visual concepts
Belgium-based light and video design studio, Painting with Light, will translate the story of your location into a visual experience, using the art of light architecture. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
Experience the experience – Polin Waterparks & Pool Systems
+ More videos  

CATALOGUE GALLERY
 

+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08 Oct 2020

VAC 2020 VIRTUAL (The Annual National Conference of Visitor Attractions)

Online, United Kingdom
17-23 Oct 2020

World Leisure Congress 2020

Pinggu, Beijing, China
+ More diary  
LATEST ISSUES
+ View Magazine Archive

Attractions Management

2020 issue 1


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 4


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 3


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management

2019 issue 2


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription

Attractions Management News

06 Apr 2020 issue 153


View on turning pages
Download PDF
View archive
FREE digital subscription
Print subscription

Attractions Handbook

2019


View issue contents
View on turning pages
Download PDF
FREE digital subscription
Print subscription
 
ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
 
ATTRACTIONS MANAGEMENT
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS
ADVERTISE . CONTACT US

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

©Cybertrek 2020
Jobs   News   Products   Magazine
NEWS
Government support signals green light for South Korean theme park plan
POSTED 04 Dec 2019 . BY Andy Knaggs
The Hwaseong International Theme Park will capitalise on the K-pop boom that has become popular around the world
We will introduce high-tech technologies such as Smart City, self-driving, AI and VR all over the complex
– Chung Yong-jin
The long-proposed US$3.8bn (€3.4bn, £2.9bn) theme park at Hwaseong, 45km (30mi) from South Korea's capital Seoul, looks set to definitely go ahead, after the country's finance minister pledged the government's support.

Construction on the 4.2sq km (1.6sq mi) site in Gyeonggi Province is due to begin in 2021, with an initial opening of 2026 and full opening in 2031. To be built by Shinsegae Property Consortium, the park will feature five hotels, an 18-hole golf course and three shopping malls.

Reports suggest that huge Korean pop music (K-pop) and natural history areas will act as the centrepieces of the theme park. K-pop has gained massive traction around the world in recent years.

The park – which will be slightly bigger than New York's Central Park – will be Asia's second-largest theme park after Disneyland in Shanghai.

Finance minister Hong Nam-ki said the project could directly employ 15,000 people and would potentially generate around W70.6tn (US$58bn, €52.4bn, £44.6bn) for South Korea's economy. It's also reported that the theme park could be connected to Yeouido – South Korea's financial hub – by rail before 2026, cutting travel times to about 40 minutes.

Speaking in the Korea IT Times last month, Shinsegae Group vice-chair, Chung Yong-jin, said the intention was to create a theme park unlike anything else in the world.

"We will not simply develop a theme park, but make it a project that can create synergy effects by combining world-class accommodation, resorts, commercial facilities, golf course and residential complexes," he said.

"We will introduce high-tech technologies such as Smart City, self-driving, AI and VR all over the complex to become a future multi-tourism cluster where fourth industrial technologies are practically implemented."

Previous attempts to kickstart the project going back to 2007, including one to create a Universal Studio park, have fallen by the wayside. Shinsegae Property was selected as preferred bidder in February 2019.
RELATED STORIES
US$4bn tourism complex in Korea will centre on huge K-pop theme park


A huge new development in Korea is set to go ahead after stalling twice since 2007, with the new attraction boasting a gargantuan K-pop and natural history theme park as its centrepiece.
MORE NEWS
Bletchley Park and Eltham Palace's immersive LGBTQ+ show among winners of UK Heritage Awards
The home of British codebreaking, Bletchley Park has been named among the winners of this year's UK Heritage Awards – alongside an immersive performance charting LGBTQ+ heritage.
IAAPA cancels Attractions EXPO – pivots to virtual event
IAAPA has cancelled this year's Attractions Expo in Orlando and pivoted to a digital event, announcing a new virtual conference will take place on the same dates – 16-18 November.
Warner Bros. to open Harry Potter studio attraction in Japan
Warner Bros. has revealed plans to develop a Harry Potter studio tour attraction in Japanese capital Tokyo.
Reykjavik city centre set to welcome ocean-side geo-thermal wellness lagoon in 2021
Attractions and hospitality brand, Pursuit, has unveiled plans to develop a premium oceanfront geothermal lagoon in Iceland.
Therme Group announces development plans to roll out wellbeing resorts across UK
Following approval to build a £250mn wellbeing resort in Manchester, Therme Group has revealed plans to develop and expand its concept in other major UK cities.
COVID-19 stimulus package – VAT cut for hospitality, companies to get apprenticeship funding
The hospitality and attractions sectors will benefit from a temporary cut to VAT as part of stimulus measures announced by chancellor Rishi Sunak.
+ More news   
 
COMPANY PROFILES
RMA Ltd

RMA Ltd is a one-stop global company that can design, build and produce from a greenfield site upw [more...]
iPlayCO

iPlayCo was established in 1999. [more...]
Alterface

Alterface’s Creative Division team is seasoned in concept and ride development, as well as storyte [more...]
Triotech

Triotech was established in 1999. The company is based in Montreal, Canada and has additional offi [more...]
+ More profiles  
FEATURED SUPPLIER

Painting with Light pushes boundaries to create unforgettable visual concepts
Belgium-based light and video design studio, Painting with Light, will translate the story of your location into a visual experience, using the art of light architecture. [more...]
VIDEO GALLERY

Animalive - Introducing AnimaChat!
Introducing AnimaChat, one operator can live-stream into multiple venues. Find out more...
More videos:
Experience the experience – Polin Waterparks & Pool Systems
+ More videos  

CATALOGUE GALLERY
+ More catalogues  
DIRECTORY
+ More directory  
DIARY

 

08 Oct 2020

VAC 2020 VIRTUAL (The Annual National Conference of Visitor Attractions)

Online, United Kingdom
17-23 Oct 2020

World Leisure Congress 2020

Pinggu, Beijing, China
+ More diary  
 


ADVERTISE . CONTACT US

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

©Cybertrek 2020

ABOUT LEISURE MEDIA
LEISURE MEDIA MAGAZINES
LEISURE MEDIA HANDBOOKS
LEISURE MEDIA WEBSITES
LEISURE MEDIA PRODUCT SEARCH
ATTRACTIONS MANAGEMENT NEWS
ATTRACTIONS HANDBOOK
PRINT SUBSCRIPTIONS
FREE DIGITAL SUBSCRIPTIONS