Shinsegae Hwaseong's 'Starbay City' to Drive Local Job Creation

Signing of Mutual Growth Cooperation Agreement for Hwaseong International Theme Park Area

Shinsegae Hwaseong announced on the 25th that it has signed a "Business Agreement for Job Creation and Mutual Growth Cooperation in the Hwaseong International Theme Park Area" with Gyeonggi Province, Hwaseong Special City, and Korea Water Resources Corporation (K-water).

Shinsegae Hwaseong is currently pursuing the development of "Starbay City (Hwaseong International Theme Park)," a next-generation innovative tourism complex in Hwaseong, Gyeonggi Province.

(From left) Youngrok Lim, President of Shinsegae Group; Dongyeon Kim, Governor of Gyeonggi Province; Myunggeun Jeong, Mayor of Hwaseong Special City; and Jungho Ahn, Head of Green Infrastructure Division at Korea Water Resources Corporation, are taking a commemorative photo after signing an agreement at the Korea Water Resources Corporation Siwha Urban Development Project Group. Provided by Shinsegae Property Starfield.

The signing ceremony, held at the Korea Water Resources Corporation Siwha Urban Project Group on this day, was attended by Dongyeon Kim, Governor of Gyeonggi Province; Myunggeun Jeong, Mayor of Hwaseong Special City; Youngrok Lim, President of Shinsegae Group; Jungho Ahn, Head of Green Infrastructure Division at Korea Water Resources Corporation; and other key stakeholders.

Through this agreement, the four organizations and companies aim to promote job creation and mutual growth cooperation in the region, with the goals of regional development, economic revitalization, and sustainable growth. Specifically, they will establish a close cooperative system and discuss concrete measures for prioritizing the employment of local talent, encouraging the participation of local businesses, and promoting local culture and tourism.

Shinsegae Hwaseong plans to create both direct and indirect jobs through Starbay City, as well as seek ways to revitalize the economy through related industries and services, thereby establishing a virtuous cycle of growth together with the local community.

Starbay City is expected to attract 30 million domestic and international visitors annually once it opens. By 2050, the project is estimated to generate approximately 70 trillion won in production inducement effects and create about 110,000 jobs.

The Starbay City development project will create a "total wellness tourism complex" on a 4,189,000 square meter (1.27 million pyeong) site within Songsan Green City, Hwaseong, Gyeonggi Province. The complex will feature a global theme park based on Paramount intellectual property, as well as a water park, golf course, accommodations, Starfield, and residential complexes. Shinsegae Hwaseong plans to build a next-generation innovative complex.

At the signing ceremony, Dongyeon Kim, Governor of Gyeonggi Province, stated, "Since the Hwaseong International Theme Park development project reflects the aspirations of Gyeonggi Province residents and Hwaseong citizens, we will actively support the project through prompt administrative processing."

Youngrok Lim, President of Shinsegae Group, said, "This agreement is Shinsegae Hwaseong's commitment, as a member of the local community, to realize a world-class theme park together with the region. We will successfully develop Starbay City to drive substantial regional development in the western part of Gyeonggi Province and open a new horizon for Korea's tourism industry, thereby leading economic revitalization."

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