Seoul - South Korean automotive group Daewoo announced plans Tuesday to build a film theme park in South Korea together with US film company Paramount Pictures at a cost of 1.5 billion dollars.
Daewoo's car dealership unit, Daewoo Motor Sales, would enter into a joint venture with the East Gate Entertainment LLC company to finance and operate the park, to be built by the year 2011.
Milestone Capital Advisors Private Limited, an independent venture fund with focus on realty, will lift a fund of Rs 1,000 crore to make investment in the flourishing realty sector in tier-II and t