Project Update: LEGOLAND Korea to Open by 2022
Today, Merlin Entertainments has confirmed that it has entered into a partnership agreement with the Gangwon Provincial Government to build a Legoland theme park in South Korea, which has been in planning for several years now (cf. EAP News from Dec 5th, 2014). The LEGOLAND Korea Resort will be built on the island of Jung-do in Chuncheon, scheduled to open by 2022. The total cost of the resort is expected to be 228 million EUR (290 billion KRW), of which Merlin will invest some 165 million EUR (210 billion KRW). The remaining funding of 63 million EUR (80 billion KRW) will come from LL Developments, the investment arm of Gangwon Province. The funding for necessary additional infrastructure adjacent to the resort will be provided by national, regional and local governments.
“It’s been long in gestation, but I’m delighted that we are now in a position to move forward with opening LEGOLAND Korea Resort. We know Koreans love theme parks and love LEGO, and together with the Gangwon authorities, we have already established an attractive and well-connected site in Chuncheon. We look forward to accelerating progress with our partners who have contributed significantly with funding and infrastructural support, and to welcoming our first guests to LEGOLAND Korea Resort […],” said Nick Varney, CEO of Merlin Entertainments.
LEGOLAND Korea will be the first Legoland park on the Korean peninsula and Merlin’s tenth Legoland park worldwide, following the opening of LEGOLAND New York as ninth location in 2020 (cf. EAP 5/2018). (eap)
