Wednesday, January 04, 2006

Korea to Develop "Hallyuwood" Showbiz Village

2005 was a good year for Korean entertainment as Hallyu, or the Korean Wave, continued to sweep Asia.

Now, Korea wants to make a better use of what could be just a passing craze by establishing a more solid ground for Korean showbiz industry. On Friday, it held a launch ceremony for the development of a movie-making complex whose name, surprising as it may sound, is Hallyuwood.

Built on 1 million square meters in Goyang, Gyeonggi Province, northwest of Seoul, the area will include a theme park, shopping centers, production houses, movie sets, education and business facilities and more.

The spirit is certainly there, as the provincial government will inject about US$2 billion into the project. But the curious will have to wait a while as it is not to be completed until 2008.

The Korean Wave has been going on for a couple years now, but it remains to be seen if it is more than just a fad. The hope of many Koreans that the world will keep up its interest in Korean pop culture is now finding its palpable expression in the complex.

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