CJ LiveCity Co., Ltd. is a live entertainment venue company in South Korea founded in 2015 with the purpose of developing and operating a music arena and mixed-use facilities for studios, commercial, and retail. It is planned to open in 2027.

History

CJ LiveCity, a subsidiary of

CJ ENM CJ ENM Co., Ltd (, CJ Entertainment aNd Merchandising) is a South Korean entertainment and retail company founded in 1994. CJ ENM was established as a result of the merger of two CJ Group subsidiaries, CJ ENM Entertainment Division, CJ E&M and ...

in the entertainment division of

CJ Group CJ Corporation (), doing business as CJ Group () or simply CJ, is a South Korean conglomerate holding company, operating internationally. It is one of the largest chaebol headquartered in Seoul, South Korea. It comprises numerous businesses in ...

, was established in 2015 when CJ Group participated in a public project initiated by

Gyeonggi Province Gyeonggi Province (, ) is the most populous province in South Korea. Seoul, the nation's largest city and capital, is in the heart of the area but has been separately administered as a provincial-level ''special city'' since 1946. Incheon, ...

to promote the commercialization of

Hallyu The Korean Wave, or ''hallyu'' (; ), is a cultural phenomenon in which the global popularity of South Korean popular culture has dramatically risen since the 1990s. Worldwide interest in Korean culture has been led primarily by the spread of K- ...

(the Korean Wave)

tourism Tourism is travel for pleasure, and the Commerce, commercial activity of providing and supporting such travel. World Tourism Organization, UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as ...

. The company was initially named "K-Valley Co., Ltd." and changed to its current name on April 2, 2019. The groundbreaking ceremony for the

Arena An arena is a large enclosed venue, often circular or oval-shaped, designed to showcase theatre, Music, musical performances or Sport, sporting events. It comprises a large open space surrounded on most or all sides by tiered seating for specta ...

, its major facility, took place on October 27, 2021. However, construction of the Arena abruptly halted in April 2023. This was attributed to a sharp increase in construction costs resulting from the

Russian invasion of Ukraine On 24 February 2022, , starting the largest and deadliest war in Europe since World War II, in a major escalation of the Russo-Ukrainian War, conflict between the two countries which began in 2014. The fighting has caused hundreds of thou ...

and the persisting effects of the

pandemic A pandemic ( ) is an epidemic of an infectious disease that has a sudden increase in cases and spreads across a large region, for instance multiple continents or worldwide, affecting a substantial number of individuals. Widespread endemic (epi ...

, which caused a downturn in the real estate and construction sectors. As of the end of March 2023, the progress rate of the construction was at 17%. In addition to the downturn in the construction industry, CJ LiveCity has faced various external obstacles with the local authorities regarding the project agreement signed in 2015. These obstacles include delays in permit issuance, the improvement of water quality in the stream across the entire area, and most critically, the notification of the postponement of large-scale power supply by Korea Electric Power Corporation( KEPCO). In October 2023, as part of the government's support for infrastructure and industrial projects facing similar difficulties, CJ LiveCity sought mediation for the agreement in question from a committee overseeing

project finance Project finance is the long-term financing of infrastructure and industrial projects based upon the projected cash flows of the project rather than the balance sheets of its sponsors. Usually, a project financing structure involves a number of eq ...

, which the Ministry of Land, Infrastructure, and Transport ( MOLIT) in South Korea reinstated after a ten-year suspension.

Business

CJ LiveCity

The development of CJ LiveCity is underway in the

Seoul Seoul, officially Seoul Special Metropolitan City, is the capital city, capital and largest city of South Korea. The broader Seoul Metropolitan Area, encompassing Seoul, Gyeonggi Province and Incheon, emerged as the world's List of cities b ...

metropolitan area of Goyang-si, Gyeonggi-do, covering a total area of 326,400m². CJ LiveCity will encompass a music

arena An arena is a large enclosed venue, often circular or oval-shaped, designed to showcase theatre, Music, musical performances or Sport, sporting events. It comprises a large open space surrounded on most or all sides by tiered seating for specta ...

, facilities for content experience and tourism, commercial spaces, accommodations, offices, and a waterfront park. The arena at CJ LiveCity is planned to have an indoor

seating capacity Seating capacity is the number of people who can be seated in a specific space, in terms of both the physical space available and limitations set by law. Seating capacity can be used in the description of anything ranging from an automobile that ...

of 20,000 and an outdoor space capable of accommodating over 40,000 people.

Hanwha Hanwha Group () is a large business conglomerate (chaebol) in South Korea. Founded in 1952 as Korea Explosives Co. (), the group has grown into a large multi-profile business conglomerate, with diversified holdings stretching from explosivesthei ...

E&C, a South Korean construction company with experience in arena construction, has been entrusted with the project.

Partnership

The arena is jointly operated with

AEG The initials AEG are used for or may refer to: Common meanings * AEG (German company) ; AEG) was a German producer of electrical equipment. It was established in 1883 by Emil Rathenau as the ''Deutsche Edison-Gesellschaft für angewandte El ...

, an American global sporting and live music entertainment company. AEG operates and owns more than 300 venues worldwide. Some notable venues in their portfolio include the

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Arena in the United States (formerly the Staples Center), the

O2 Arena O2 Arena may refer to: *The O2 Arena, London * O2 Arena, Prague *The 3Arena, Dublin, formerly known as The O2 *The Uber Arena, Berlin, formerly known as O2 World *The Barclays Arena Barclays Arena (originally known as the Color Line Arena an ...

in the UK, and the

Uber Arena Uber Arena (previously branded as O2 World and Mercedes-Benz Arena) is a multipurpose indoor arena in the Friedrichshain neighborhood of Berlin, Germany, which opened in 2008. The venue became known as Uber Arena following a long-term deal with ...

(Mercedes-Benz Arena) in Germany. Additionally, they handle the coordination and management of world tours for global artists like Taylor Swift, the Rolling Stones, Katy Perry, Justin Bieber, and Celine Dion, as well as organizing notable festivals such as

Coachella Coachella (officially called the Coachella Valley Music and Arts Festival and sometimes known as Coachella Festival) is an annual music festival, music and arts festival held at the Empire Polo Club in Indio, California, in the Coachella Valle ...

and

BST Hyde Park British Summer Time Hyde Park (BST Hyde Park) is a series of music concerts held once a year in London's Hyde Park. BST Hyde Park lasts for up to three weeks. Since 2013, BST Hyde Park has seen performers such as Arcade Fire, Celine Dion, Bru ...

. Their collaboration with CJ LiveCity commenced in June 2019 with the signing of their first Memorandum of Understanding (MOU). The master plan of the entire complex was designed by

Foster + Partners Foster and Partners (also Foster + Partners) is a British international architecture firm with its headquarters in London, England. It was founded in 1967 by British architect and designer Norman Foster. The firm has been involved in the design ...

, a renowned British architectural firm specializing in high-tech engineering architecture. Foster + Partners, founded by Pritzker Prize-winning architect

Norman Foster Norman Robert Foster, Baron Foster of Thames Bank (born 1 June 1935) is an English architect. Closely associated with the development of high-tech architecture, Lord Foster is recognised as a key figure in British modernist architecture. Hi ...

, is well known for designing Apple's new headquarters,

Apple Park Apple Park, also known as Apple Campus 2, is the corporate headquarters of Apple Inc., located in Cupertino, California, United States. It was opened to employees in April 2017, while construction was still underway. It replaced Apple Campus as ...

(also known as Apple Campus 2), in

California California () is a U.S. state, state in the Western United States that lies on the West Coast of the United States, Pacific Coast. It borders Oregon to the north, Nevada and Arizona to the east, and shares Mexico–United States border, an ...

, USA.

References

Surrounding environment

* 일산호수공원 * 고양종합운동장 * 일산백병원 * 일산서부경찰서 * 일산서구청
블루밍 킨텍스 더센트
Deok-i-dong, scheduled for 2029 * 킨텍스 국제전시장

External links

Goyang City Hall

Ilsanseo-gu Office
{{coord missing, South Korea CJ Group CJ ENM Entertainment Division Music venues in South Korea Entertainment venues in South Korea Gyeonggi Province