CJ LiveCity Corporation and AEG have signed an agreement to build CJ LiveCity, which will include the Seoul Metropolitan Arena, as well as a studio complex, K-culture-themed entertainment district, and waterfront park in Metropolitan Seoul’s Goyang City, Gyeonggi Province, Korea.
With more than 20 million visitors projected annually, CJ LiveCity will become Korea’s landmark tourist destination, revitalising the national economy and the northern Gyeonggi Province.
CJ LiveCity is strategically located for K-culture fans across Asia. The GTX high-speed express train, scheduled to open in 2023, will connect the attraction to Gangnam District in 20 minutes.
Seoul Metropolitan Arena, with a capacity for 20,000 people, will become Korea’s largest and most advanced live performance venue for K-pop, international artist tours, sports events, and Hallyu content.
K-pop and K-culture entertainment venue
Once the arena opens, AEG will curate a programme of international and domestic concert tours through its music division AEG Presents.
AEG Presents has promoted world tours for artists including Ed Sheeran, Justin Bieber, Paul McCartney, Elton John, Celine Dion, Taylor Swift, The Rolling Stones, and Katy Perry.
CJ LiveCity’s CEO, Michael Kim, said: “This collaboration combines CJ’s long-standing cultural business capabilities with AEG’s venue development and operations expertise and its global live touring and promotions capacities.
“Seoul Metropolitan Arena, which will be designed by a leading architectural firm, is expected to be a competitive venue not only across Asia, but also globally due to performances of K-Pop as well as world-renowned artists.”
CJ LiveCity Corporation is a subsidiary of CJ Group, which owns the largest media and entertainment company in Korea spanning film, music, television and conventions. AEG is the world’s leading sports and live entertainment company.
AEG and CJ Group join forces
AEG Asia’s President and CEO, Adam Wilkes, added: “We believe that the combination of CJ LiveCity and the new Seoul Metropolitan Arena will revolutionise Korea and the region’s entertainment landscape.
“Both AEG and CJ share a vision of Korea as a world-leading entertainment destination and we are thrilled to work with such an innovative leader. CJ has an in-depth understanding of the Korean and Asian markets and unparalleled experience in entertainment. We believe that Seoul Metropolitan Arena will become a must play destination for world tours and look forward to breaking new ground together.”
Image: CJ LiveCity