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Posted : 2014-07-16 16:31
Updated : 2014-07-16 18:25

Fox to build theme park by 2018

Gyeongsang Province Governor Hong Joon-pyo, center, poses with President of Fox Consumer Products Jeffery Godsick, left, and Village Roadshow Theme Parks Chief Executive Officer Tim Fisher, after signing a memorandum of understanding to build and operate a Fox theme park in Ungdong in the Busan-Jinhae Free Economic Zone, South Gyeongsang Province, by 2018. The project is part of the province's city development plan to create the Ungdong Entertainment Complex on 2.83 million square meters featuring facilities such as a water park, hotel and casino. / Yonhap

By Park Ji-won


American moviemaker 20th Century Fox and South Gyeongsang Province have agreed to build a theme park in the southeastern city of Jinhae by 2018.

The provincial government signed a memorandum of understanding (MOU) with Fox and Village Roadshow Theme Parks, an affiliate of Australian media company Village Roadshow, which runs theme parks in Australia, the United States and China, Wednesday.

Roadshow will operate Fox's facilities.

Named "Fox World Korea," the brand's second theme park after one that opens in Malaysia in 2016, will see construction start at Ungdong, in the Busan-Jinhae Free Economic Zone this year under the city's development plan to create the Ungdong Entertainment Complex.

The leisure and entertainment complex is about a two-and-a-half hour journey from Seoul by high speed KTX rail.

"We will pour our best every efforts into developing a global theme park in close cooperation with Fox and Village Roadshow," said Governor Hong Joon-Pyo during a press conference held in the Korea Press Center, Jung-gu, central Seoul, Wednesday.

"Fox will create the first true international theme park destination in the Republic of Korea. Twentieth Century Fox is committed to Korea. Many jobs will be created with this theme park," said Jeffrey Godsick, president of 20th Century Fox Consumer Products.

A total investment is estimated at about $3.5 billion to complete the site, according to the governor.

He said American developer Blakefield has a high interest in becoming the developer of the site, while Fosun Group, a Shanghai-headquartered conglomerate, has an interest in investing in a shopping complex.

According to the city plans, the Fox complex will be built on a 303,025 square-meter site, and will feature rides and attractions based on Fox films such as "Ice Age" and "Planet of the Apes."

It will be part of the Ungdong Entertainment Complex. The Undong leisure complex will be built on 2.83 square kilometers and feature the theme park, a water park, a six-star hotel, a casino, a movie theater, an 18-hole golf course, condominiums and water sports facilities.

The governor added the theme park will attract more than 10 million visitors a year.


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