Skip to main content

Universal Studios Korea Negotiations Stall Amid Political Turmoil

Universal Studios Korea K-Water

Plans for Universal Studios Korea stall as political scandal rocks the Korean government.

Korean President Park Geun-hye had backed the 5 trillion won ($4.23 billion) project to build a Universal Studios theme park in Hwaseong, Gyeonggi Province, with a completion date of 2020.

Korea Water Resources Corporation (K-Water) and Universal Studios Korea are overseeing the project which is a joint venture between government, local and overseas businesses, including Daewoo Engineering & Construction, the Korea Development Bank, the China State Construction Engineering Corporation (CSCEC), and China Travel Service (CTS).

However, negotiations have ground to a halt with uncertainty about the government and the Korea Development Bank.

Click here to read the full article.

Share this
Rachel Reed

Rachel Read

Rachel is Finance Director. She has a degree in engineering from Cambridge University and qualified as a Chartered Accountant at Deloittes in London. She worked in finance in industry for twenty years. She oversees our news and also manages our events.

More from this author

More from this author

Related content

Your web browser is out of date. Update your browser for more security, speed and the best experience on this site.

Find out how to update