New Consortium to Develop Universal Studios Korea

[  Hwaseong, SOUTH KOREA  ]

From published reports, including the Korea Times, the consortium seeking to create a Universal Studios theme park in South Korea, is having difficulty reaching internal agreement as to how to proceed.   Expectations are said to be August 2016, for the consortium to reach internal consensus.

 

From a 2015 post:

State-run Korea Water Resources Corporation (K-Water) has indicated that it has selected a multinational consortium to develop Universal Studios Korea.   The consortium includes Daewoo Engineering & Construction and Dohwa Engineering of Korea along with China State Construction Engineering Corporation and Hong Kong-based China Travel Service.

The announcement of team selection for the project came after a three year hiatus in project mobilization.

The facility as envisioned would include a Universal Studio theme park and Korean pop concert arena, as well as accommodations, a golf resort, a water park and a shopping center.   The project site encompasses 4.2 square kilometers.

China State Construction Engineering Corporation is largest construction company based in China.

The accompanying image is from press releases dating back to the project’s first announcements back in 2007.

 

From a Prior Post:

The Universal Studios Korea Resort is a large-scale themed destination resort and theme park, now slated to open in 2014.   Development will be led by the Lotte Group (South Korea).

The Universal Studios Korea Resort is to be located on a site in the city of Hwaseong (Gyeonggi province, South Korea), located south of Seoul.   The theme park and resort project would also be close to the region’s primary international airport in Incheon.

Lotte Co., Ltd. is a South Korean Chaebol (conglomerate), one of the largest food and shopping groups in South Koea and Japan.   Lotte was established in June 1948, in Tokyo, by a Korean businessman Shin Kyuk-Ho.