Jeonbuk Province Signs Investment Agreement for Saemangeum Challenge Theme Park

Investing 89 Billion Won by 2025 to Develop an 81,322㎡ Theme Park

[Jeonju=Asia Economy Honam Reporting Headquarters Reporter Kim Han-ho] A theme park equipped with international-standard resort hotels, pet hotels, glamping sites, and a Ferris wheel will be established at the gateway to Saemangeum.

On the 17th, Jeonbuk Province announced that it signed an investment agreement with the Saemangeum Development Agency, Ministry of Agriculture, Food and Rural Affairs, Buan County, Korea Rural Community Corporation, and project implementing companies Gyesung Construction and SMG Tech to create the 'Saemangeum Challenge Theme Park' at the starting point of Saemangeum No. 1 Embankment (Daehang-ri, Byeonsan-myeon, Buan-gun).

The Saemangeum Challenge Theme Park will be built on an 81,322㎡ (25,000 pyeong) site, an embankment auxiliary land designated as a Saemangeum attraction site, featuring various amusement and accommodation facilities.

From this year until 2025, approximately 89 billion KRW will be invested to establish a resort hotel (30 rooms), glamping (25 units), camping (80 units), cultural performance hall, pet hotel, Ferris wheel, shopping mall, walking trails, and an observation restaurant.

Jeonbuk Province expects the theme park project to generate an economic ripple effect of 242.8 billion KRW and create 1,190 jobs both locally and externally, as well as about 140 jobs once the theme park is operational.

Moreover, this investment agreement is especially meaningful as Gyesung Construction (Jeonju) and SMG Tech (Buan) proposed and are implementing the project, marking the first Saemangeum tourism project led proactively by local businesses.

Song Ha-jin, Governor of Jeollabuk-do, said, "With the establishment of the hotel and cultural performance hall through this project, Saemangeum will become a premium tourist complex where visitors can comfortably relax and enjoy culture and arts," adding, "We will continue to develop Saemangeum into a world-class tourism and leisure city so that people worldwide can fully experience the taste and charm of Jeonbuk."

Meanwhile, the Saemangeum attraction site where the theme park is being developed is an embankment auxiliary land, where differentiated tourism programs are being introduced and developed as tourism and leisure facilities.

Currently, the Saemangeum Promotion Center operates at the starting point of the No. 1 Embankment, and the Saemangeum Reclamation Museum is under construction, scheduled for completion by May 2022.

Jeonju=Honam Reporting Headquarters Reporter Kim Han-ho stonepeak@asiae.co.kr

This content was produced with the assistance of AI translation services.