Universal Studios signed today a contract with 14 partners, including Posco Engineering & Construction Co. and Lotte Group, to build a 3 trillion won ($2.7bn) theme park in South Korea.
The resort will create as many as 100,000 jobs, Kim Moon Soo, governor of Gyeonggi province, said in Seoul today. The resort is being built in Gyeonggi.
Other investors include Ssangyong Engineering & Construction Co, STX Construction and KCC Engineering & Construction, the government of the nation’s Gyeonggi province, where the theme park will be located, said in a statement today. The resort, which will also include hotels, a golf course and a shopping mall, aims to open in early 2014, according to the statement.