Paramount Park Korea
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Time for Paramount attempt at least #4 at a theme park in South Korea. For this proposal, it is located at the site that was originally set to be Universal Studios in Gyeonggi Province. The developer is Shinsegae Hwaseong, a subsidiary of Shinsegae Group, and they have been attempting to build a theme park at this site for many years under the names of Hwaseong Global Theme Park and Star Bay City (https://www.shinsegaeproperty.com/en/propertysad/business/hwaseong.do). The project is estimated to cost approximately 4.57 trillion won and will be a 100% private investment. The goal is to begin construction in the first half of 2026, have the first phase open in the second half of 2029, and complete the entire theme park development after 2035.






This officially released concept art is generic placeholder and not what Paramount Park will actually look like:



The theme park development is located in the dark blue area on the map:







Sources: https://gnews.gg.go.kr/briefing/brief_gongbo_view.do?BS_CODE=S017&number=63353 and https://gnews.gg.go.kr/news/news_detail.do?number=202410101453119036C052

http://charming-cn.com/index.php?c=show&id=58

Another version of the previously released concept art with slight differences:



Source: http://rosewellentertainment.com/paramount

The Paramount theme park planned for Inspire Entertainment Resort is being reevaluated and is potentially delayed long term. Construction of the theme park was supposed to start in the first half of 2021 but now that the resort's first phase has been delayed, construction of the theme park isn't expected to start until the second half of 2023 if at all.

Sources: http://www.kyeongin.com/main/view.php?key=20210505010000994 and https://www.asgam.com/index.php/2021/05/06/opening-of-paramount-theme-park-at-mohegans-inspire-korea-resort-delayed-beyond-2025-report/

The Ministry of Culture, Sports, and Tourism revealed today that Mohegan Gaming & Entertainment recently submitted a plan to postpone the opening of the resort (phase 1 which is not the theme park) from June 2022 to the first half of 2023. The delay is blamed on "construction costs" and COVID-19.

Source: http://www.incheonin.com/news/articleView.html?idxno=77930

According to the newly released Mohegan Gaming & Entertainment Annual Report, Phase 1, which is the casino resort, is now scheduled to open in 2023, but then on the next page it says "late-2022"

Source: https://app.quotemedia.com/data/downloadFiling?webmasterId=102842&ref=115522838&type=HTML&formType=10-K&formDescription=Annual+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2020-12-29&cik=0001005276&CK=1005276

The Incheon Free Economic Zone Authority says it has received confirmation from Mohegan Gaming & Entertainment (MGE) that it will bring forward US$200 million worth of investment originally planned for Phase 2 in order to expedite development work on its Inspire Korea integrated resort following recent delays due to COVID-19.

According to an IFEZ announcement, the injection of funds from Mohegan will help Inspire Korea “break through the COVID-19 crisis earlier,” enabling it to get construction back on schedule and allowing for the activation of further project financing.

Currently Phase 1 (which is not the theme park) of Inspire Entertainment Resort is 12% complete.







Sources: https://www.ifez.go.kr/noti004/2001592 and https://www.asgam.com/index.php/2020/11/14/mohegan-injects-us200-million-to-kick-start-inspire-korea-development/ and http://www.yeongjong.co.kr/news/articleView.html?idxno=6647