[Korea.net News, Economy / Industry, December 13 2007] Daewoo Motor Sales, Paramount sign formal deal to open theme park

Daewoo Motor Sales Corp. said Thursday (Dec. 13) it has signed a formal contract with U.S. film studio Paramount Pictures Corp. to build a theme park in western Korea.

The contract calls for Daewoo Motor Sales and Paramount to spend 1.5 trillion won ($1.6 billion) to develop the park in Incheon, west of Seoul, by 2010, the Korean company said in a statement.

Construction will begin in July next year.