MGM plans US$870m investment in South Korean theme park
Metro-Goldwyn-Meyer (MGM) is set to invest an initial US$866.9m (AUS$1bn, £430m, 600m euro) in developing its theme park in South Korea, Reuters has reported.
A site will be chosen in the Seoul Metropolitan area and the park is scheduled to open in late 2011.
South Korea’s largest entertainment management group, iHQ, is reported to be working with MGM to develop the attraction.
Paramount Pictures and Universal Studios are also set to open theme parks in South Korea, by 2009 and 2012 respectively.
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