(SEOUL) Universal Studios and its partners will build a 2.9 trillion won (S$43.5 billion) theme park in South Korea by 2012,as it seeks to expand in Asia’s burgeoning entertainment market. It will be its largest investment.
The theme park, spanning 4.7 million square metres and featuring hotels, golf courses and rides based on popular movies and TV shows, would be similar in scale to the Universal Orlando Resort in Florida in the US.
‘This is certainly going to be much larger than the other projects that have been announced,’ Frank Stanek, who spearheaded the development of Tokyo Disneyland and is in charge of developing Universal Studios Korea, told a news conference. ‘We have a lot more strength behind this project, a lot more experience.’