Legoland Korea will open in Chuncheon in Gangwon Province, South Korea in July 2016.

July 18, 2013 Leave a comment

Legoland Korea starts countdown for formal contract

Gee Hong-goo

2013.07.18

Educational theme park Legoland Korea will open in Chuncheon in Gangwon Province, South Korea in July 2016.

If the 1.32 million square-meter (400,000 pyeong) Legoland Korea is constructed in Jungdo, the most attractive tourist place in Chuncheon, it will become the world’s seventh largest and East’s Asia’s first Lego-themed theme park.  The Maeil Business Newspaper found Merlin Entertainments Group wrapped up fine-tuning process for the formal contract Thursday to sign it around early next week. A formal contract came 22 months after the memorandum of agreement (MOA) signed in September 2011. Governor of Gangwon Province Choi Moon-soon and Merlin Group’s general director will sign the contract and the provincial government will conclude the separate contract with the nation’s consortium.
Under the contract, Merlin Group will raise 100 billion won ($88 million including 30 billion won for Legoland Korea management company and 10 billion won for special corporate body) and Gangwon Province will be responsible for the construction of infrastructure including bridges. Gangwon Province will oversee financing plans devised by the Korea Investment & Securities.

The Gangwon provincial government, Hyundai Engineering & Construction, Korea Investment & Securities, LTP Korea and Serveone will form a consortium to work on the Lego Land Korea project.

Gangwon Province noted, “Legoland Korea, if opening, will attract two million tourists annually, create 9,800 jobs and boost local tax revenue by 4.4 billion won.”

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