Fox will build a casino complex in South Korea

The provincial government of South Gyeongsang in South Korea has signed an agreement with Village Roadshow Theme Parks and Fox Consumer Products which is a subsidiary dedicated to the commercialization and licensing of the 20th Century Fox group products.
This contract covers the joint development of a complex named Jinhae Global Theme Park The partners plan to open this complex during the second half of the year 2018. It is going to be built on a 2.8 million square meters large site in Changwon, near Busan, in the southeast of the country.

A significant impact on the regional economy

The provincial government expects that the complex will have a significant impact on the regional economy.
Indeed, there are more than 60 cities with a population of over 1 million people within a flight distance of less than 3 hours.
According to estimates, around 10 million tourists are expected of going to visit the leisure complex every year and around 10,000 people will be employed.
Overall, the authorities hope to earn an average of $4.8 million in taxes each year.

A project that is finally set in stone

In the past, several major movie studios such as Universal Studios, Metro-Goldwyn-Mayer Studios and Paramount Pictures have tried to build a theme park in Korea.
However, they all failed due to various obstacles, in particular because of excessively high land prices.
At the end of last year, the provincial government of South Gyeongsang created a company to facilitate the realisation of this type of project.
This company seems to have done good work now, as Village Roadshow Theme Parks and Fox Consumer Products have signed a contract with local authorities to develop a huge complex dedicated to casino and leisure.

Attractions inspired by the most famous films of the studio

Spread over nearly 300,000 square meters, the theme park will offer more than 25 rides and other attractions that are inspired by the most famous film productions of the 20th Century Foxfilm studios, such as X-Men, Ice Age, Titanic and also Alien vs. Predator.