BUSAN < invest Korea

According to Yonhap News,

(BUSAN=Yonhap News) Las Vegas Sands Corp., a global casino company, is likely to invest in Busan.

Busan City announced February 12 that CEO George Tanasijevich of Marina Bay Sands in Singapore, an affiliate of Las Vegas Sands, will show the company’s intention to invest in Busan.

CEO Tanasijevich will announce the company’s investment plan, which is to invest KRW 5 trillion to build a complex resort in the Busan North Port redevelopment area.

Las Vegas Sands visited Busan in January, 2014 and examined the investment environment of the Busan North Port redevelopment area, the East Busan Tourism Complex and the soon-to-be-established Gadeokdo complex resort town.

Las Vegas Sands and Busan have been negotiating on whether to permit the establishment of an open casino. The city has adopted a semi-open casino to conclude the investment agreement with the company.

CEO Tanasijevich and his delegation will meet with Busan Mayor Seo Byung-soo.

sjh@yna.co.kr

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Source Text

Source: Yonhap News (February 12, 2015)

** This article was translated from the Korean.