Walt Disney May Build Theme Park Near Seoul, City Mayor Says - Bloomberg 09/27/05
Article from Bloomberg - September 27, 2005
Walt Disney May Build Theme Park Near Seoul, City Mayor Says
Sept. 27 (Bloomberg) -- Walt Disney Co., the second-biggest U.S. media company, is considering a theme park outside South Korea's capital, Seoul Mayor Lee Myung Bak said, extending its reach in the world's most populous continent.
Seoul Metropolitan Government is in talks with Burbank, California-based Disney, said Lee, who made attracting the U.S. company one of his campaign pledges in 2002.
"We've made significant progress on our plan to attract a world-class theme park near Seoul and may officially announce it early next year,'' Lee said in an interview.
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Disney is considering building the venture at Seoul Grand Park in Gwacheon, southern Seoul, said Jun Sung Soo, director of the foreign investment division at the Seoul Metropolitan Government. He said no details have been decided.
Lisa J. Haines, Vice President of Strategic Communications for Walt Disney Parks & Resorts in Burbank, didn't respond to a phone call and e-mail seeking comment.