Universal Studios has signed a contract with 14 partners, including the Lotte Group, to build a KRW3 trillion (US$2.7 billion) theme park in South Korea, according to a Korea Herald report.
The resort, to be developed in the northwestern province of Gyeonggi, will create as many as 100,000 jobs, provincial governor Kim Moon Soo was reported saying in Seoul yesterday. The resort, which will also include hotels, a water park, golf course and a shopping mall, is slated to open in early 2014.
Universal Parks and Resorts Chairman and CEO, Thomas Williams, was reported saying that he believed the resort would attract “a substantial segment” of the South Korean population, as well as a growing number of Asian international tourists.
He added that movie director,Steven Spielberg, a creative consultant Universal Parks and Resorts, is expected to take part in the project. “He already has a number of ideas that I think will contribute to making it quite unique and, in the spirit of differentiation, something that caters to an international crowd,” Williams was quoted saying.
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