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Build it and they will come? Korea's whopping US$275 billion tourism city plan

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by Frances Cha

Local news outlets call the scale “astronomical.” Some question its economic feasibility.

Either way it is one hell of an ambitious tourism venture.

Called 8City, to be built on the islands of Yongyu-Muui in the port city of Incheon, next to Incheon International Airport, the project in question is the creation of a gigantic 'tourism city.'

Plans for the city include travel and leisure facilities from luxury hotels, condominiums, casinos and shopping malls to a theme park, a water park, a Formula One racing track, a 50,000-seat concert hall, a medical tourism-based "healing town" and a “hallyu town” showcasing Korean entertainment.

An all in one tourism destination that visitors won't want to leave. But not just any visitor.

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