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Major Tourism Project
Date
2010.09.16
Views
2533
Andong Culture & Tourism Complex

Venue : Andong-si, Gyeongbuk
Developer : Gyeongbuk Tourism Development Corp
Area: 1,662,629㎡
Development Period : 2002 ~ 2015
Project Cost : USD 398.8M
Development Concepts
  • Korean traditional concept accommodation associated with Northern Gyeongbuk Confucian Culture Project(hotels, condos)
  • Confucian culture experience center
  • Sports complex, golf course(18 holes), theme park, spa, etc..
Project Operation : Establish SPC of both Korean and foreign investors
Local info
  • Annual tourists(official): 3,382,186(local population:167,000)
  • Metro cities in 100kmR : Daegu, Gumi, Chungju
  • Dis. from Seoul : 250km(accessible by expressway, railway)
  • Attractions
    - Home of Korean Confucian culture
    - Located in the center of S. Korea(easy access nationwide)
    - Traditional heritages (Hahoe Village, Dosan Confucian School), natural landscape(Mt Cheongryang, Nakdong River) etc..


Mungyeong Image & Culture Resort

Venue : Mungyeong-so, Gyeongbuk
Developer : Joint consortium by private & municipal gov.
Area: 899,000㎡
Development Period : 2009-2014
Project Cost : USD 500M *FDI scale : USD 100M(20%)
Development Concepts
  • M-StarVally : condo(200), performing hall, spa celebrity mall, etc..
  • M-Hanaevally : healthcare therapy, luxury recuperation facilities
  • M-studio : movie studio, academy, etc..
Project Operation : Establish SPC of both Korean and foreign investors
Local info
  • Annual tourists(official): 4,000,000(local population:80,000)
  • Metro cities in 100kmR: Daegu, Andong, Yeongju
  • Dis. From Seoul : 135km(accessible by expressway, railway)
  • Attractions
    - korea’s largest historical drama open set
    - Rafting, horseback riding, Buddhist temples, railway bike
    - Enriched with culture & leisure activities such as Pottery festival, mountain festival, etc..


Gyeongju Gampo Tourist Complex

Venue : Gampo-eub, Gyeongju-si, Gyeongbuk
Developer : Gyeongbuk Tourism Development Corp
Area: 4,019,200㎡
Development Period : 1997 ~ 2015
Project Cost : USD 850M * FDI scale : undetermined
(Public USD 177M, Private USD 673M)
Development Concepts
  • Phase Ⅰ- golf course(completed in 2006)
  • Phase Ⅱ- core facility complex by 2010
  • Phase Ⅲ- resort & culture facility (70% of land purchased)
Project Operation : Establish SPC of both Korean and foreign investors
Local info
  • Annual tourists(official) : 8,085,833(local population : 270,000)
  • Metro cities in 100kmR : Busan, Deagu, Ulsan, Pohang
  • Dis. From Seoul : 380km(accessible by national way, railway)
  • Attractions
    - Ancient capital for a millennium (silla dynasty)
    - Korea’s NO. 1 tourist spot(annual visitors 8M)
    - UNESCO’s world cultural heritage(Sukgulam, Bulguk temple, etc..)


Goraebul Seaside Resort

Venue : Yeongdeok-gun, Gyeongbuk
Developer : Joint consortium by private & municipal gov.
Area: 880,000㎡
Development Period : 2003 ~ 2011
Project Cost : USD 176M * FDI scale :USD 61.6M(35%)
Development Concepts
  • Key facilities : golf resort, water park, recreation center
  • Supporting : condo, pension, shopping mall, restaurant
  • Subsidiary : bungee jump, horse riding, survival game center, etc..
Project Operation : Establish SPC of both Korean and foreign investors
Feasibility Study : IRR - 12.1% based on the cash flow projection
Local info
  • Annual tourists(official) : 5,000,000(local population:42,000)
  • Metro cities in 100kmR: Daegu, Pohang, Andong
  • Dis. From seoul : 250km(accessible by national way, railway)
  • Attractions
    - 64km-long pre coastline(pollution-free “zero” factories within the area)
    - Overwhelming number of visitors (most famous by Snow Crab)
    - Selected“ Korea’s best beach”by MLTM(2005~2009)