South Korea plans Incheon airport tourism project

South Korea is planning a tourism project at Incheon Airport to emulate Resorts World Sentosa in Singapore, with the aim of attracting more Chinese players.

The project will feature a casino, shopping mall and hotels and may cost $4.6 billion to $5.5 billion, Lim Byung Kee, an official at Incheon International Airport Corp., told Bloomberg.

The airport is looking to receive proposals to build the facilities and sign deals this year.

“We have benchmarked Resorts World Sentosa in Singapore for the integrated resort project here,” Lim said, adding that the project could be ready by 2019.

“We want to attract more visitors from China, taking advantage of the close distance.”

South Korea’s government expects to pull in 10 million Chinese visitors a year by 2020, up from 6.13 million last year, according to data from the Korea Tourism Organization.

The country has allowed construction of two more integrated resorts this year.

 

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