AEG PLANS MUSIC ARENA IN KOREA

AEG and Korean entertainment company CJ Group have agreed to jointly pursue building a 20,000-capacity arena in Seoul’s Goyang City as part of a first-of-its-kind destination in Korea.

CJ LiveCity will include the Seoul Metropolitan Arena, a studio complex, a K-culture themed entertainment district and waterfront park. The site is located among five of Korea’s largest cities with a combined population of more than 150m people; the projection is that more than 20m will visit annually.

AEG will oversee bringing tours to the arena through its music division AEG Presents.

“We believe that the combination of CJ LiveCity and the new Seoul Metropolitan Arena will revolutionize Korea and the region’s entertainment landscape,” AEG Asia’s President and CEO Adam Wilkes said. “Both AEG and CJ share a vision of Korea as a world-leading entertainment destination and we are thrilled to work with such an innovative leader. We believe that Seoul Metropolitan Arena will become a must play destination for world tours and look forward to breaking new ground together.”

CJ Group owns the largest media and entertainment company in Korea spanning film, music, television and conventions.