From usatoday.com:

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EOUL — Universal Parks & Resorts and a local partner signed an agreement Tuesday aimed at establishing a Universal Studios theme park in South Korea that they want to see up and running in 2012.

“What we are hoping to do is to bring in a world class attraction not only for the Korean people but to draw tourism to this country,” Frank P. Stanek, president of USKOR & Associates Co., Universals South Korean partner, said at a press conference, citing the attraction of possible visitors from nearby China.

Other than the proposed date for opening the park, other details were vague, including how much the project might eventually cost. No site has been decided and financing remains in the planning stage, officials said.

“We are in the process of evaluating our options,” said Stanek, a former Walt Disney Co. executive involved in setting up Disney them parks in the United States, Japan and France.

He said that officials hoped to decide on a location by the end of this year.

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