Twentieth Century Fox Partners With Village Roadshow for Theme Park in Korea
The proposed 75-acre amusement park featuring Fox film and TV properties is part of a recent push into destination entertainment in Asia, following the announcement of Twentieth Century Fox World in Malaysia.
Twentieth Century Fox, Village Roadshow and the governor of the Korean province of Gyeongsangnam-do gathered Wednesday in Seoul to sign a memorandum of understanding agreement to co-plan and construct Twentieth Century Fox World, Korea's first international theme park and resort.
The draft plans for Twentieth Century Fox World Korea include a theme park spanning more than 75 acres, which will be part of a 700-acre resort and luxury development called the Ungdong Entertainment Complex. The companies said in a statement that the park will feature "some of Fox’s most recognized and beloved film and television brands," but the lineup of attractions has yet to be confirmed.
Australia-based Village Roadshow is participating as a design and development consultant, and will serve as manager of the studio theme park once it's complete.
“Korea provides a unique opportunity for an international theme park destination that will be incredibly attractive to both a thriving domestic consumer as well as a quickly growing tourist market from China, Japan and across Asia,” said Jeffrey Godsick, president of Twentieth Century Fox Consumer Products, in a statement.
“Village Roadshow Theme Parks is very excited to have the opportunity to work with the Gyeongsangnam-do Provincial Government and Twentieth Century Fox on the planning, design, development and operation of the theme park. With properties like Alien, Ice Age and Planet of the Apes, we believe this studio theme park will offer consumers in Korea and Asia the best theme park experience in the history of the industry,” said Tim Fisher, CEO of Village Roadshow Theme Parks.
The park will be located in the Ungdong area of the Busan-Jinhae Free Economic Zone, Jinhae-gu, Changwon City.
Added Gyeongsangnam-do Governor Hong Joon-pyo: "Once the theme park is completed, we expect more than 10 million foreign and local tourists will visit, and the local economy will be boosted by creating 30,000 jobs, which is equivalent to attracting 100 manufacturing businesses.”
The Korea project is part of Fox Consumer Products' recent push into destination entertainment in Asia. The company's first-ever theme park, Twentieth Century Fox World, is set to open in Malaysia in 2016.