According to Yonhap News,

(CHANGWON = Yonhap News) A group of representatives of Twentieth Century Fox visited South Gyeongsang provincial office and revealed its intention to invest in a Jinhae theme park.

Jeffrey Godsick, President of Twentieth Century Fox Consumer Products, and Greg Lombardo, Vice President of global location-based entertainment at Twentieth Century Fox Consumer Products, held a press conference with Hong Jun-Pyo, Governor of South Gyeongsang Province, on February 6 at the provincial office to confirm the company’s intent to invest in the southeastern coastal town of Korea.

“We will provide the company’s contents along with exclusive rights, and participate in the investment consortium to lead the Jinhae & Ung-dong global theme park development project,” said the group. It also promised to submit a letter of intent for investment soon and prepare the necessary measures to push ahead its plan to build “Fox World Korea” in the region.

“If Twentieth Century Fox will participate in the development project, the province will offer its full support and cooperation under the relevant laws and regulations to help the company smoothly invest in the project,” said Hong.

“Once the company submits its letter of intent for investment, we will carry out further negotiations to sign a memorandum of understanding with the company as soon as possible, and concentrate on attracting project developers and investors,” he added.

Lombardo visited the proposed site for the Ung-dong theme park with Hong last December. During his visit, he hinted that the company will not only provide contents to the theme park, but also consider the possibility of direct investment in the project.