Warner Bros. theme park coming to South Korea

Warner Bros. will invest $4 billion to build a new theme park in South Korea, near metropolitan Seoul, according to a new report. Citing a key member of the presidential Transition Committee, the Chosun Ibo reports that the park will be constructed in the Misari area of Hanam in the Gyeonggi Province. The committee member also said that Warner Bros. chairman Barry M. Meyer and executive vice president John Schulman are expected to attend the inauguration ceremony of president-elect Lee Myung-bak on Feb. 25. The member also said that Meyer and Schulman are visiting Seoul to sign a letter of intent for a $4 billion investment to build the park on a 3.63 million square-meter lot in Misari, following consultations with the Gyeonggi provincial government, the Ministry of Construction and Transportation, and the Ministry of Culture and Tourism. Previously, both Universal Studios and Paramount Pictures have announced intentions to build theme parks in the area; Disney is also said to have explored the possibility of building in the Seoul metro area. [via Screamscape]