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Paramount Licensing, Daewoo Motor Team Up on Theme Park

Paramount Licensing and Daewoo Motor Sales Corp. have unveiled a completed master plan for the Paramount Pictures-branded theme park and resort complex to be developed in Incheon, South Korea. The park, scheduled to open in 2011, is expected to entert

April 6, 2018

1 Min Read

ain approximately 5 million visitors annually. It will be the centerpiece of a $1.5 billion, 120-acre resort complex that will include a water park, two resort hotels, and an entertainment district.

The new destination will feature characters, attractions, and facilities based on Paramount Pictures’ history and motion pictures, as well as aspects of Korean entertainment and pop culture.  Films being incorporated into the attractions include Mission: Impossible, Lara Croft: Tomb Raider, The Spiderwick Chronicles, Grease, The Godfather, and Titanic.

In addition, DWMS has formed a joint venture company that will fund and assume ownership of the theme park.  PLI will not be a member of the joint venture or invest in the project, but is acting as licensor and managing the creative development of the park. 

“Paramount Movie Park Korea” and the surrounding amenities are designed to accommodate both day trips and overnight stays, catering to Korean and international visitors alike. The site is located near the Incheon International Airport.

“The first of its kind, ‘Paramount Movie Park Korea’ will be a landmark for Incheon and the country. The park’s convenient location in the city center and its resort amenities will make it a popular leisure destination. As seen with other destination theme parks around the world, we hope that the development of this park will spur further growth in the South Korean tourism industry,” said Dongho Lee, president and chief executive officer of DWMS.

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