Andong Culture & Tourism Complex
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Venue : Andong-si, Gyeongbuk |
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Developer : Gyeongbuk Tourism Development Corp |
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Area: 1,662,629㎡ |
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Development Period : 2002 ~ 2015 |
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Project Cost : USD 398.8M |
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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..
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Project Operation : Establish SPC of both Korean and foreign investors |
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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.. |
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Mungyeong Image & Culture Resort
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Venue : Mungyeong-so, Gyeongbuk |
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Developer : Joint consortium by private & municipal gov. |
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Area: 899,000㎡ |
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Development Period : 2009-2014 |
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Project Cost : USD 500M *FDI scale : USD 100M(20%) |
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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..
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Project Operation : Establish SPC of both Korean and foreign investors |
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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.. |
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Gyeongju Gampo Tourist Complex
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Venue : Gampo-eub, Gyeongju-si, Gyeongbuk |
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Developer : Gyeongbuk Tourism Development Corp |
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Area: 4,019,200㎡ |
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Development Period : 1997 ~ 2015 |
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Project Cost : USD 850M * FDI scale : undetermined
(Public USD 177M, Private USD 673M) |
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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)
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Project Operation : Establish SPC of both Korean and foreign investors |
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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..)
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Goraebul Seaside Resort
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Venue : Yeongdeok-gun, Gyeongbuk |
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Developer : Joint consortium by private & municipal gov. |
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Area: 880,000㎡ |
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Development Period : 2003 ~ 2011 |
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Project Cost : USD 176M * FDI scale :USD 61.6M(35%) |
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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..
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Project Operation : Establish SPC of both Korean and foreign investors |
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Feasibility Study : IRR - 12.1% based on the cash flow projection |
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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)
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