Market Chatter: Shinsegae, Paramount to Build Theme Park in South Korea

MT Newswires Live

2024/10/11

South Korean retail group Shinsegae (KRX:004170) entered into a partnership with US-based Paramount Global to develop the Hwaseong International Theme Park, 45 kilometers south of Seoul.

The 4.2 million-square-meter project will feature entertainment facilities, hotels, and resorts, with plans to open by 2029, Yonhap News reported Thursday.

Shinsegae will seek construction approval from Gyeonggi provincial authorities for the theme park, named "Star Bay City," the report said.

Shares of Shinsegae fell nearly 2% in recent trade.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p><p>Price (KRW): â©153600.00, Change: â©-2600, Percent Change: -1.66%</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PGRE","symbol_name":"Paramount Group","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2474038073","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2474038073","pubTimestamp":1728618873,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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