Paramount Movie Park Korea

Paramount Movie Park Korea is a theme park and resort complex that was scheduled to open in Incheon, South Korea in 2011, however construction has yet to start. On December 6, 2018, Mohegan Gaming & Entertainment announced the strategic partnership with Paramount Pictures to bring its Paramount-branded theme park in Inspire Integrated Entertainment Resort area, subsequently reviving the project. It is now scheduled to open in 2025.

Overview

The theme park will be based on films such as Mission: Impossible and Lara Croft: Tomb Raider. It will be the world's first Paramount Pictures-based theme park and resort complex, with the cost of $1.5 billion. Daewoo Motor Sales will fund the joint venture company while Paramount will act as its licensor and manager creative development. However, after financial problems, Mohegan Gaming & Entertainment revived its Paramount-branded theme park in December 2018 from Daewoo Motor Sales to bring its theme park as part of Phase 1B of Inspire Integrated Entertainment Resort, and is now scheduled to open in 2025.

The impact of the theme park will be Paramount to Korea's culture and tourism. It is a fast-growing and attractive market, and they are business friendly and has a sophisticated culture, best suited for this project. It is expected to attract about 5 million visitors each year, with 20 percent of which may be from overseas. It will also be a tourist attraction for visitors during the 2014 Asian Games in Incheon.

Though CBS & Viacom owned five amusement parks in North America (most popularly, Paramount's Kings Island), this will be the first theme park actually constructed by Paramount, while the Paramount Parks were originally KECO Entertainment parks which were bought and re-branded.

Though no rides have officially been announced, it is often believed that the "best" of the rides at the former Paramount Parks will make a return in one form or another. Speculation indicates a possibility that an enhanced version of The Italian Job: Stunt Track may become the announced Mission: Impossible ride, and Tomb Raider: The Ride from Paramount's Kings Island may be rebuilt at the new park, though this is only speculation.

References
  • "Paramount Pictures theme park planned for South Korea in 2011 targeting 5 million visitors". Retrieved 2008-05-20.
  • "Incheon to Host Paramount's First Movie Park". Retrieved 2008-05-20.

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