KOREA - Universal Studios, Partners to Build Park in Incheon

Bloomberg.com, Nov. 27 2007

Universal Studios, owned by General Electric Co., and partners will build a $3.1 billion theme park in South Korea, its third resort in Asia, the nation's Gyeonggi provincial government said.
The resort, to be built in partnership with Posco Engineering & Construction Co., will be located near Hwaseong, south of Seoul, and open in 2012, the provincial government said in a statement today.
The development will join Universal parks in the Japanese city of Osaka and a planned resort in Singapore. Entertainment and gambling companies, including Walt Disney Co. and Las Vegas Sands Corp., have expanded in Asia to take advantage of rising disposable incomes.

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