is Coming to Korea - Korea IT Times
is Coming to Korea - Korea IT Times
is Coming to Korea - Korea IT Times
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Hot Issue<br />
<strong>is</strong> <strong>Coming</strong> <strong>to</strong> <strong>Korea</strong><br />
<strong>to</strong> make Hwaseong an epicenter. Fourth, <strong>is</strong> threats due <strong>to</strong> the future<br />
population increase there will be an influx of development.<br />
Th<strong>is</strong> spectacular resort, named 'Universal Studios <strong>Korea</strong>', cost<br />
KRW3 trillion (US$2.67 billion). The construction of Universal<br />
Studios <strong>Korea</strong> draws on major <strong>Korea</strong>n conglomerates such as<br />
Lotte Group, Posco, E&C and other local companies. Universal<br />
Studios <strong>Korea</strong> will be like no other Universal Studio park in the<br />
world. <strong>Korea</strong>'s multi-resort complex will include retail outlet, golf<br />
course, theme park, water park, city walk, theme hotels, and condominiums.<br />
In 2013, <strong>to</strong> make easier access <strong>to</strong> Universal Studios the main<br />
access road or national highway (77) will be completed. The highway<br />
will be four lanes or six lanes. Min<strong>is</strong>try of Land, Transport<br />
and Maritime Affairs announced there will be transport network<br />
improvement <strong>to</strong> make easier access by subway and the line name<br />
<strong>is</strong> Sinansan. The Min<strong>is</strong>try wants <strong>to</strong> have the s<strong>to</strong>ps Won-si and<br />
Universal Studios fin<strong>is</strong>hed first, due <strong>to</strong> the recent significance of<br />
Hwaseong.<br />
Officials from the provincial government and inves<strong>to</strong>rs signed<br />
the agreement <strong>to</strong> develop the Universal Studio theme park located<br />
70 kilometres southwest of Seoul. The theme park will be approximately<br />
2.97 million square metres. Th<strong>is</strong> theme park <strong>is</strong> three<br />
times as big as the park in Osaka and twice the size as the resort in<br />
Orlando.<br />
Gyeonggi Governor Kim stated,<br />
"Th<strong>is</strong> project will eventually provide<br />
Universal Studios in<br />
Hwaseong, Gyeonggi-do<br />
new jobs for around 10,000 people and generate indirect employment<br />
for around 100,000, and I am confident that <strong>Korea</strong>'s west<br />
coast region will eventually turn in<strong>to</strong> a 'gold coast." CEO Thomas<br />
Williams of Universal Parks and Resorts said, "The company<br />
chose Hwaseong because the region had 'flat land' and a<br />
'seashore.' Direc<strong>to</strong>r Steven Spielberg, a creative consultant <strong>to</strong><br />
Universal Parks and Resorts, has decided <strong>to</strong> take part in the project."<br />
By creating new growth engines for employment and the<br />
development of a green city the sky <strong>is</strong> the limit for the future of<br />
Hwaseong and it will defiantly live up <strong>to</strong> its name 3G city.<br />
Ryan Schuster / rs@koreaittimes.com<br />
www.koreaittimes.com 25
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