Korea approves huge Incheon integrated resort
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The South Korean government has approved the development of a huge new integrated resort complex at Seoul’s Incheon International Airport.
US-based Mohegan Tribal Gaming Authority (MTGA), Korea’s KCC Corporation and Incheon International Airport Corp (IIAC) have been awarded a licence for the new Inspire development, which will cover 3.2km² adjacent to the country’s main international gateway.
“We deeply appreciate the careful review that the Korean government has conducted on this bold new initiative for tourism in Korea,” said Chung Il-young, CEO of IIAC. “Its selection of the Inspire project… is wonderful news for the Incheon region and will serve as a catalyst for growth in the airport development zone for years to come.”
Once completed, the complex will include a three-tower luxury hotel complex with 1,350 rooms, more than 20,000m² of retail and F&B space, a 4,500m² Korean cosmetics and beauty complex, a 15,000-pax arena for art, sport and cultural performances, a 100,000m² Paramount Studios theme park, a 33,000m² ‘Eco Adventure Park’ featuring indoor rock climbing, zip lining, an indoor rainforest and an archaeology experience, and a 20,000m² casino with 250 tables and 1,500 slot machines.
It will also be connected to a new private jet terminal, making it the only integrated resort in the world to feature its own air strip.
The first phase of the project is estimated to cost US$1.6 billion, rising to a total investment of US$5 billion in future.
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