CJ Group is the largest media and entertainment company in Korea spanning film, music, television and conventions. The group has invested heavily to build the CJ LiveCity entertainment complex composed of K-pop, which is a nearly $2 billion project, including the K-culture and entertainment district and the Seoul Metropolitan Arena. However, CJ LiveCity has been postponed for four years and plans to start construction immediately after obtaining the building permit, and hopes to complete the construction in 2024.

The construction project is in Goyang City, featuring a concert arena with 40,000 seats, rides and themed zones, hotels and a shopping complex. Seoul Metropolitan Arena will become Korea’s largest, most advanced live performance venue for K-pop, international artist tours, sports events, and Hallyu content. CJ LiveCity is strategically located, the GTX high-speed express train, set to open in 2023, will connect the attraction to Gangnam District in 20 minutes. The K-pop entertainment complex will have an estimated economic effect of 33 trillion South Korean won (about US$2.8 billion) over 10 years and will create 280,000 new jobs. It is expected that the attraction will welcome at least 20 million annual guests. CJ LiveCity will become Korea’s landmark tourist destination, revitalising the national economy and the northern Gyeonggi Province. (2020/09, 190G)