By Lee Hyo-won
Staff Reporter
Paramount Movie Park Korea, an amusement park inspired by Hollywood glamour with a dash of hallyu (Korean wave), will open in 2011 in Incheon, South Korea.
It will be the world's first Paramount Pictures-branded theme park and resort complex and Korea's first ever movie-theme park. Daewoo Motors Sales Corp (DWMS) will fund and assume ownership of the joint venture company while Paramount will act as its licensor and manage creative development, organizers in Seoul said Tuesday. The two signed a licensing agreement last December.
"Some 40 MOUs between Korean firms and major foreign industries had been established for such a park, but none bore fruit", said Lee Dong-ho, president and CEO of DWMS. Problems included the massive investment involved, licensing fee agreements and locating a site large enough. "I'm proud to say this will be the first movie theme park in Korea", he said.
Entertainment facilities including a water park and some 30 attr...|
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