Universal Studios Korea
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I think his both visits were public announcement, ceremony (PR) and project agreement.
It seems he has visited Dubai in 2007 as well for the Universal Studio Dubailand project, which once aimed to open in 2012 like Universal Studio Korea project.

Certainly not for finalizing the deal, Universal Studio theme parks haven't made any announcement yet.
Typically, any forward-looking statement (contains "may", "could", "expect", "intend", "plan", "predict" and such) of the future project is protected by a law called
"Private Securities Litigation Reform Act" to limit securities lawsuits.

Tom Williams came twice to Korea, correct? Once in 2007 and once in 2010. What was the difference? Changing local partners?

ahh...that pic with Tom Williams was taken back in May 22, 2007.

You can see it at USA Today site linked below
http://usatoday30.usatoday.com/money/economy/2007-05-21-2833070707_x.htm

Universal Studio will open, much-needed, "The Wizarding World of Harry Potter" at Universal Studio Japan in late 2014.
Its the $500 million dollar project, and the constuction already has began last summer.

Consider the company just opened Universal Studio Singapore in 2010, I dont know Universal Studio Korea actually materialize.

A handshake is a handshake. Universal Studios Korea will be built!

Big delay:
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&sid1=101&oid=277&aid=0002877889

I found a link showing interviews for Universal Studios Korea from January 2010:
http://blog.daum.net/ansantour/12380240

Interviews in Korean and English with Tom Williams (CEO of Universal Parks)

http://stoo.asiae.co.kr/news/stview.htm?idxno=2012091007341003536

Is this article trying to say that the park will still open in 2016?

This article talks about an opening date in the first half of 2016:

According to the USKR composition, Gyeonggi Province and the provincial assembly, business on the site, Hwaseong Songsan Green City East 420 109 ㎡ 5000000000000 invest 100 billion Korean Won to create Asia's largest theme park, water park, golf facilities, Premium Outlets and condominium with business. It is expected to be completed in the first half of 2016. Concessionaire USKR PFV holds Lotte Asset Development, nine companies such as POSCO, Korea Investment & Securities are involved.

Used Google Translate. Terrible with Korean. Source:
http://www.kgnews.co.kr/news/articleView.html?idxno=319003

http://www.kgnews.co.kr/news/articleView.html?idxno=319003
http://www.kgmaeil.net/detail.php?number=11560&thread=22

More new articles about Universal Studios Korea!