According to Yonhap News,

(INCHEON=Yonhap News) Incheon City announced June 8 that it will receive investment proposals for Incheon Robotland from June 8 to August 31. Robotland is seeking private investment in its robot theme park, robot industry support and its education facilities.

Robotland is a KRW 670.4 billion (USD 602 million) project. (National and city expenses: KRW 119 billion, private capital: KRW 551.4 billion).

The city plans to finish building Robotland’s public facilities by the end of 2016. But with the lack of private investment, construction of the robot theme park has a long way to go.

The city signed a memorandum of understanding with a Chinese company in 2014 to secure private investment in Robotland but failed to do so, as the company could not fulfill its investment agreement.

Incheon Robotland will not only become the landmark of Cheongna International City, but will also emerge as the mecca of Korea’s robot industry.

As part of its marketing activities, Incheon Robotland Co., Ltd. will give a presentation on the investment appeal of Robotland on July 8 at the Meet-You-All Tower in Songdo to attract investors.

inyon@yna.co.kr

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Source Text

Source: Yonhap News (Jun. 08, 2015)

** This article was translated from the Korean.