Paramount Park Korea
Views: 130,498 Subscribe

Seems that the Paramount Korean theme park project is coming back.

Mohegan Gaming & Entertainment's multibillion-dollar, multi-phase integrated entertainment resort (IER) currently in development in South Korea, Inspire Integrated Entertainment Resort (Inspire), and Paramount Pictures Corporation (Paramount) announce a strategic partnership to incorporate a Paramount Pictures-branded theme park as part of Northeast Asia's largest IER expansion underway in the Incheon International Airport's (IIAC) IBC-III Region.

"We are proud to have Paramount Pictures join us as a strategic partner in the development of our innovative integrated entertainment resort concept," said Kevin Brown, Chairman of the Mohegan Tribe and MGE Management Board. "With Paramount alongside as we answer the demand of today's consumers, the Inspire IER model not only displays our commitment to trend-setting in this industry but also demonstrates the Mohegan Tribe's commitment to growing South Korea's travel, tourism and workforce development goals, while securing the generational sustainability of the Mohegan Tribe."


Kevin Suh, EVP Themed Entertainment for Paramount says, "Paramount is proud to announce Korea as one of the first locations for a world-class Paramount branded theme park. Paramount looks forward to its partnership with Inspire and to be part of one of the world's premiere entertainment destinations at Inspire."

"We are pleased to have the major global force in entertainment, Paramount, on our impressive and growing list of strategic partners for Project Inspire," said Mario Kontomerkos, Chief Executive Officer for Mohegan Gaming and Entertainment. "Aligning with highly sought after and recognized brands with mutual goals is a key component to the creation of the world's first true integrated entertainment resort."

Source: https://www.prnewswire.com/news-releases/mohegan-gaming--entertainment-partners-to-bring-a-paramount-pictures-branded-theme-park-to-inspire-integrated-entertainment-resort-300761066.html

Yes it is. Fox World Korea is considering moving on the site now:
http://www.themeparx.com/20th-century-fox-world-korea/

Is this project cancelled?

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!

Video Presentation of Paramount Movie Park Korea

http://vimeo.com/22957027

This is what the article says:

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.

(Daewoo was the company to develop Paramount Movie Park)

This article (in Korean) is quite clear about it:
http://m.asiae.co.kr/view.htm?no=2012091816363705072

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.