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Local Name:
춘천 레고랜드
Budget:
270M
Announced:
01 Sep 2011
Construction Start:
28 Nov 2014
Opening:
2022
Location:
Chuncheon, Korea
Area:
28 ha
  1. Michael is offline themeparX Top Investigator
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  2. Michael is offline themeparX Top Investigator
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    The good news is it seems that some form of construction is actually taking place!





    The bad news is that apparently new financial problems have arisen regarding this past summer's construction company switch (Hyundai Engineering & Construction Co. and STX Construction Co.) and Gangwon Jungdo-developments Corp. (GJC), an investment arm of Gangwon Province. I'm not totally clear on what is happening but it seems that GJC is low on funds and is considering selling the land around Legoland such as where the theme park's parking lot will be located.





    Sources: http://news1.kr/articles/?3769518 and https://www.yna.co.kr/view/AKR20191113139800062?input=1195m and http://www.enewstoday.co.kr/news/articleView.html?idxno=1349354


  3. Michael is offline themeparX Top Investigator
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  4. Michael is offline themeparX Top Investigator
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  5. CarlySX is offline themeparX Top Investigator
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    More financial complications for LEGOLAND Korea.

    The Chuncheon Legoland project is in a dilemma over the payment of 60 billion won in Gangwon Province's investment.

    According to "Kangwon News" on July 22, although the Legoland developer Merlin Entertainments demanded 60 billion won in investment from Gangwon Province and the Jungdo Development Corporation by July 22, the possibility of a delay in the construction of the project is being raised as STX, the existing construction company, has decided to press ahead with a lawsuit in case of the deposit of the investment.
    "STX still manages the site under the authority of the builder, and under the current circumstances, Hyundai Engineering & Construction can never enter the site," an STX official said, stressing, "If the province pays 60 billion won to Merlin, we will consider this as a unilateral notice of cancellation of the contract and take a legal action."
    Source: http://www.koreaittimes.com/news/articleView.html?idxno=92020

  6. Michael is offline themeparX Top Investigator
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    It's not totally clear from the translations but Merlin Entertainments has now selected Hyundai Engineering & Construction to be the main contractor for the theme park project which is replacing the previously selected contractor, STX Construction. This is causing additional financial and legal issues...









    Sources: https://m.sedaily.com/NewsVIew/1VLM6LOPIZ and http://www.g1tv.co.kr/index.php?type=news820&page=1&nth=-1&viewNum=208669 and https://www.nocutnews.co.kr/news/5180062

  7. Michael is offline themeparX Top Investigator
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  8. Michael is offline themeparX Top Investigator
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    In a completely shocking turn of events that literally nobody could have predicted, it seems that not only will construction not begin this month like what was previously planned but also there are now additional financial issues that have arisen plus there's debate regarding what construction company will be chosen and now the potential opening may be as late as 2023.



    Sources: https://www.mk.co.kr/news/view/business/2019/03/168347/ and http://news.kbs.co.kr/news/view.do?ncd=4162314 and https://goo.gl/maps/HkLnqxmJq4DkQqY96

  9. Michael is offline themeparX Top Investigator
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    Merlin Entertainments announces agreement to open LEGOLAND Korea
    South Korea’s first LEGOLAND Park scheduled to open by 2022
    Local government to provide significant funding and infrastructure support
    The total cost of the resort, including the on-site accommodation, is expected to be KRW 290 billion (£205 million1). Merlin will invest KRW 210 billion (£148 million) into the development of the resort, which will be fully owned and operated by Merlin.
    The remaining funding of KRW 80 billion (£56 million) will come from LL Developments, the investment arm of Gangwon Province. Additionally the funding for necessary additional infrastructure adjacent to the resort will be provided by national, regional and local governments.
    Nick Varney, Merlin’s Chief Executive Officer, said:
    “It’s been long in gestation, but I’m delighted that we are now in a position to move forward with opening LEGOLAND Korea Resort. We know Koreans love theme parks and love LEGO, and together with the Gangwon authorities, we have already established an attractive and well-connected site in Chuncheon. We look forward to accelerating progress with our partners who have contributed significantly with funding and infrastructural support, and to welcoming our first guests to LEGOLAND Korea Resort.
    We remain excited about the potential of LEGOLAND Parks, the roll out of which is a strategic growth driver for Merlin, and we continue to look at opportunities for further sites around the world.”
    As part of the ongoing relationship, the Korean Government, Gangwon Province and Chuncheon City have already invested in the construction of a new bridge to Hajungdo island and undertaken groundworks on the site. Further retail and complementary leisure offerings are planned as part of the island’s overall development.
    Source: https://www.merlinentertainments.biz/50C75DFF-C4B2-4DAB-953E-7989CD511372.CFILE

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