[Korea.net News, Society, November 27 2007] Universal Studios to build new theme park in Korea by 2012

Korea’s Gyeonggi-do (province) and Universal Parks & Resorts of the U.S. have signed a memorandum of understanding to build a 2.9 trillion won ($3.1 billion) theme park south of Seoul, the provincial government said Tuesday (Nov. 27).

The park will be built in Hwaseong, a city about 70 kilometers southwest of Seoul, Gyeonngi province by 2012, the provincial government said in a statement.