Warner Bros. to build park in South Korea

Warner Bros. executives are visiting Seoul, Korea to sign a letter of intent to build a USD$4 billion park in the Asian country, their first venture in the theme park industry since selling their 50 per cent share in Australia's Warner Village Theme Parks.

Image: Parkz. Warner Bros. to make another forray in the theme park business after selling their Gold Coast theme park stake.

In what has become an industry-wide trend, Warner Bros. are the latest entertainment giant to sign on to build a major theme park in South Korea.

Universal Studios is expected to open a USD$3 billion park by 2012 and Paramount Pictures have a park expected to open by 2010. Disney have also expressed their intent to build theme parks in the increasingly affluent Asian nation.

Like Paramount, who recently sold off their US-based theme park operations, Warner Bros. had recently the theme park industry after selling their 50 per cent stake in Australia's WVTP - owners and operators of Sea World, Warner Bros. Movie World and Wet'n'Wild Water World.

Little else is known about the park and whether it will have any flow-on effects for the Gold Coast parks.

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