Andong City Signs MOU with Seyoung Leisure Industry for Private Investment in Water Park at Cultural Tourism Complex

Seyoung Leisure Industry to Build 'Resort-Style Spa' on 15,000-Pyeong Site by 2023

[Asia Economy Yeongnam Reporting Headquarters Reporter Park Dong-wook] Andong City, Gyeongbuk, will sign a Memorandum of Understanding (MOU) with Seyoung Leisure Industry Co., Ltd. (CEO An Hee-jung) at 11 a.m. on the 8th at City Hall to build leisure facilities such as a water park within the cultural tourism complex.

Seyoung Leisure Industry Co., Ltd. plans to invest 150 billion KRW by 2023 in the Andong Cultural Tourism Complex located in Seonggok-dong, Andong City, covering 49,422㎡ (approximately 14,950 pyeong), to construct a water park, condo facilities, and indoor and outdoor resort-style spas.

Andong City plans to provide various administrative and financial support according to the 'Ordinance on Promotion of Enterprise and Investment Attraction' to ensure the smooth progress of the project. The city explained that the establishment of tourism infrastructure such as a water park in the tourism complex will create a synergy effect with the tourism hub city development project.

An official from Andong City stated, "We expect that this MOU signing will revitalize the local economy, which has been stagnant due to the COVID-19 pandemic," adding, "At the same time, we will actively promote investment attraction by accelerating the development of the Gyeongbuk Bio 2nd General Industrial Complex."

Andong Cultural Tourism Complex.

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