A new complex celebrating K-pop is set to be developed in the city of Uijeongbu, Gyeonggi Province by 2018.
 
YG Entertainment signed a deal to build the so-called “YG Global K-pop Cluster” with Gyeonggi Province and the city of Uijeongbu at Uijeongbu City Hall on Friday.
 
Under the agreement the province and the city agreed to build K-pop-related culture facilities on a 49-thousand square meter site in the Sangok-dong area in Uijeongbu. The complex will include a large concert hall and an interactive pop music experience center.
 
YG Entertainment will invest 100 billion won in the project.
 
The K-pop complex will be linked with arts and culture complexes located in the Gyeonggi Province cities of Paju and Goyang creating a full-loop experience highlighting the creation, distribution and consumption of popular music.
 
Involved parties anticipate that once the YG K-pop complex opens, it will create 600 jobs and generate economic effects worth 370 billion won as the Sangok-dong area is close to both Incheon International Airport and the capital Seoul.