Paramount Pictures said yesterday that developers will open a theme park and resort complex in South Korea in 2011 based on Mission: Impossible, Lara Croft: Tomb Raider and other movies by the studio.
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.
Plans for theme parks based on the films of Universal Studios and Metro-Goldwyn-Mayer in South Korea have also been announced with an eye to luring both local and international visitors, especially from nearby China.
Spearheading Paramount Movie Park Korea’s development is a joint venture led by South Korea’s Daewoo Motor Sales Corp. The formation of the venture, which will fund and own the park, was also announced yesterday.
Paramount Licensing Inc, which handles licensing rights worldwide for Paramount Pictures, is not a member of the joint venture but will manage the park’s creative development.
A licensing agreement was signed last December.
Aspects of Korean entertainment and pop culture, popular in much of Asia, will be incorporated into attractions at the park to be built in Incheon, a port city west of Seoul, officials said.
Corcoran said future plans also include the addition of a water park and two resort hotels.
Taiwan is projected to lose a working-age population of about 6.67 million people in two waves of retirement in the coming years, as the nation confronts accelerating demographic decline and a shortage of younger workers to take their place, the Ministry of the Interior said. Taiwan experienced its largest baby boom between 1958 and 1966, when the population grew by 3.78 million, followed by a second surge of 2.89 million between 1976 and 1982, ministry data showed. In 2023, the first of those baby boom generations — those born in the late 1950s and early 1960s — began to enter retirement, triggering
ECONOMIC BOOST: Should the more than 23 million people eligible for the NT$10,000 handouts spend them the same way as in 2023, GDP could rise 0.5 percent, an official said Universal cash handouts of NT$10,000 (US$330) are to be disbursed late next month at the earliest — including to permanent residents and foreign residents married to Taiwanese — pending legislative approval, the Ministry of Finance said yesterday. The Executive Yuan yesterday approved the Special Act for Strengthening Economic, Social and National Security Resilience in Response to International Circumstances (因應國際情勢強化經濟社會及民生國安韌性特別條例). The NT$550 billion special budget includes NT$236 billion for the cash handouts, plus an additional NT$20 billion set aside as reserve funds, expected to be used to support industries. Handouts might begin one month after the bill is promulgated and would be completed within
NO CHANGE: The TRA makes clear that the US does not consider the status of Taiwan to have been determined by WWII-era documents, a former AIT deputy director said The American Institute in Taiwan’s (AIT) comments that World War-II era documents do not determine Taiwan’s political status accurately conveyed the US’ stance, the US Department of State said. An AIT spokesperson on Saturday said that a Chinese official mischaracterized World War II-era documents as stating that Taiwan was ceded to the China. The remarks from the US’ de facto embassy in Taiwan drew criticism from the Ma Ying-jeou Foundation, whose director said the comments put Taiwan in danger. The Chinese-language United Daily News yesterday reported that a US State Department spokesperson confirmed the AIT’s position. They added that the US would continue to
The National Development Council (NDC) yesterday unveiled details of new regulations that ease restrictions on foreigners working or living in Taiwan, as part of a bid to attract skilled workers from abroad. The regulations, which could go into effect in the first quarter of next year, stem from amendments to the Act for the Recruitment and Employment of Foreign Professionals (外國專業人才延攬及僱用法) passed by lawmakers on Aug. 29. Students categorized as “overseas compatriots” would be allowed to stay and work in Taiwan in the two years after their graduation without obtaining additional permits, doing away with the evaluation process that is currently required,
RSS