Paramount park coming to South Korea

Paramount Pictures has announced Paramount Movie Park Korea, a new theme park and resort complex scheduled to open in South Korea in 2011. Paramount Movie Park Korea will have more than 30 attractions, said Michael Corcoran, president of Paramount Pictures Corp.'s consumer products and recreation group, who predicted it will draw more than 5 million visitors during its first year of operation. "South Korea is a fast-growing and attractive market," Corcoran told a news conference. "It's a business-friendly market and culturally sophisticated." He also said the park will prove attractive to international visitors. Spearheading Paramount Movie Park Korea's $1.5 billion development is a joint venture led by South Korea's Daewoo Motor Sales Corp.