Supplier News
South Korea – Landing International completes acquisition of Jeju Shinhwa World
By Phil - 4 January 2017
Landing International Development, owners of London’s Les Ambassadeurs casino, has now successfully completed the acquisition of the remaining 50 per cent of Jeju Shinhwa World in Jeju Island, the Republic of Korea.
The 2.5m square metres integrated resort will launch in the fourth quarter of 2017 with offers a diverse range of world-class hospitality, leisure, entertainment and gaming facilities suited for visitors of different age groups. This will include a family theme park offering more than 20 thrill and adventure rides and attractions in seven different zones, an adventure water park, more than 2,000 premium hotel rooms.
Jeju Shinhwa will be operated by Landing International under its Landing and “Les Ambassadeurs brand name. In addition, Landing Jeju Development has attracted many experienced professionals from various global hospitality, attractions, entertainments and gaming companies to join its growing management team. Each of these professionals has many years of experience in their respective fields. Landing Jeju Development is working with Shinsegae, one of Korea’s leading premium retail conglomerate to develop Jeju Shinhwa’s retail and food & beverage offerings. It is also working with leading Korean entertainment companies, YG Entertainment and TUBAn, to provide world-class entertainment,shows and events in the integrated resort. Landing Jeju Development is also in discussions with selected international premium hospitality brands to operate its premium hotels and resort condos & villas in the resort
Yang Zhihui, Executive Chairman of Landing International and Landing Jeju Development, said: “The past two years have been an intense and exciting journey for Landing Jeju Development and its partners. The Landing Jeju Development team worked very closely with all the relevant authorities in Jeju, architects and contractors to ensure the construction works were carried out efficiently and efficiently according to plans. I am pleased that structural works for Phase 1 of Jeju Shinhwa World is substantially completed at the end of 2016. The focus in 2017 will be mainly on its interior fittings as well as preparing it for commencement of operations in the fourth quarter of this year. When opened, I am confident that it will further drive the development of tourism in Jeju and become an iconic and internationally recognised integrated destination resort that Jeju will be proud of.”
