Shinsegae Group Vice Chairman Chung Yong-jin said on Nov. 21 at a ceremony marking the vision of an international theme park in Hwaseong, Gyeonggi Province, that he will contribute to the national tourism industry and the local economy by creating a theme park that was not in the world.
"We will not simply develop a theme park, but make it a project that can create synergy effects by combining world-class accommodation, resorts, commercial facilities, golf courses, and residential complexes." said Vice Chairman Chung.
"We will introduce high-tech technologies such as Smart City, Self-driving, AI (Artificial Intelligence), and VR (Virtual Reality) all over the complex to become a future multi-tourism cluster where fourth industrial technologies are practically implemented."
The international theme park in Hwaseong is a project that the government has been pushing for as a representative project for third-phase corporate investment projects. The total project cost of 4.5 trillion won was spent on the 4.18 million-square-meter site.
Gyeonggi Province pushed for the project in 2007 with a plan to create a Universal Studio in South Korea, but it has been proceeding without much problem since the Shinsegae property consortium was selected as the preferred bidder in February this year after facing several crises where the project has been suspended.
Hong Nam-ki, deputy prime minister for economic affairs and minister of strategy and finance, Gyeonggi Province Gov. Lee Jae-myung, Hwaseong City Mayor Seo Chul-mo and Korea Water Resources Corp. President Lee Hak-soo attended the event.