Genting breaks ground on Resorts World Jeju

Genting Singapore broke ground on Resorts World Jeju, a planned $1.8 billion integrated resort with a six-star hotel and luxury villas in South Korea.
The 2.5 million-sq-meter development will house Jeju island’s largest family theme park with more than 20 rides and attractions in seven different zones themed after myths and legends.
The company said that the development will contribute to Jeju’s goal of surpassing 15 million tourists by 2018 and create approximately 6,500 direct and 25,000 indirect job opportunities, with locals forming a significant proportion of the workforce.
In addition, there will be gaming entertainment as well as approximately 1,500 luxury serviced apartments and residential villas. The entire development is expected to be completed by 2019.
Won Hee-Ryong, Governor of Jeju Special Self-Governing Province welcomed the project and that he will fully support the company to ensure the project can be a success.