South Korea to build $1.5bn mega-resort

South Korea is set to construct northeast Asia’s largest tourist resort after developers Mohegan Gaming & Entertainment secured more than $1.5bn (c.£1.1bn) in funding.

The Inspire Integrated Resort will include a five-star hotel with more than 1,000 rooms, a concert hall with a capacity for 15,000 people, a waterpark, shopping centre, 17,000 sq.metre theme park, indoor pools, and a casino.

The first phase of construction will be completed and opened in 2023.

The mega-project is part of three resorts that the city of Incheon plans to complete; the other two being Paradise City and RFKR.

Paradise City opened in 2017, but construction of the other two schemes has been delayed by the pandemic.

All three will built in the city’s special economic zone.

Park Nam-chun, mayor of Incheon City, said: “I’m glad that the project has secured funds despite concerns amid Covid-19.

“We will continue to work hard to make Incheon one of the popular tourist cities by connecting our tourism infrastructure with the resort complexes.”

Image credit: MGTA


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