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It seems the Universal Studio Korea project has been cancelled.
Tom Williams, Universal Park and Resorts CEO, visiting Osaka for the opening of The Wizarding World of Harry Potter at Universal Studio Japan, said that the Universal Studio Korea project has been cancelled in an interview with Nihon Keizai Shinbun, Japan's leading economic newspaper, on July 15th, 2014.
He also said that UPR currently has no plan to open a theme park in China.
Nihon Keizai Shinbun article (in Japanese):
On the next day, the Korean media reported it, as well.
Korean media (in Korean):
The interview article on Nihon Keizai Shinbun did not state a reason for this given by Tom Williams, but the Korean report explains the cancelling occured due to unsolved problems over real estate and properties.
The Korean media has reported numerous rumors that Disney would open a park in Korea many times in the past, but the Universal Studio Korea project sounded promising despite the many years of delay.
New Universal Studios Korea map
Here's an Article of Universal Studios Korea Resort it's an Korean and yesterday i did the free translation
from Korean to English i think its regarding to Claim of the Land to build Universal Studios Korea Resort.
Great, but what does it mean?