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MGM lion to roar in new theme park in Buson City, South Korea -Mi6 - 3/10/2006

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  • MGM lion to roar in new theme park in Buson City, South Korea -Mi6 - 3/10/2006

    Hollywood Studio MGM is to build its first Asian theme Park in the southern port city of Busan. Busan City and MGM will conclude a memorandum of understanding in Seoul on March 15, Busan City said Thursday. The city will provide around 1 million sq.m of land for the theme park in the East Busan Tourism Complex.

    MGM will reportedly invest W600-700 billion (US$600-700 million) in establishing the studio in the complex and hopes to drum up funds from around the world. It will use the signing of the MOU as an opportunity for an investor blitz here - reports Chosun
    Source : Mi6

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