Yes it is. Fox World Korea is considering moving on the site now:
Send your construction pics to uploads @ themeparx.com
Is this project cancelled?
News From 2007
Daewoo Motor Sales is dishonored. so This project is stopped.
so Ansan, the city near Seoul is preparing to attract Paramount Movie Park.
EGE company will invest 2 quadrillion for this park.
This park will be built on 60ha land.
...And Universal studio Korea Resort's developing is soooo slow because of conflict between land owner and developer.
so This park will succeed.
That's a great find, Jasiel!
This is what the article says:
(Daewoo was the company to develop Paramount Movie Park)As early as November, a new theme park operator will be selected who bought the land and develop instead of Daewoo Motor Sales.
But there is still no way of knowing whether theme park development expenses cost 4000 billion won contract or not.
Incheon city nailed completed deadline for the end of 2014, did a bit more than a year away, the future to guarantee the feasibility of the theme parks, it is difficult.
The end of last month, Daewoo Motor Sales had announced to sell the land and recently they got a letter of intent from five ventures.
Around November 20, Daewoo Motor Sales will be choosing a new operator who has proper plan for theme park business.
This article (in Korean) is quite clear about it:
My Korean friend says this:
The construction owner is workout last year. So, construction is stop and finding new owner now.
They give notice of a bid recently and then make a decision on 20th November. It's still empty just like the picture.
It's as dead as mutton.