AEG Announces Plans for 20,000-Capacity Arena in Seoul, Korea

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Courtesy of AEG
 A rendering of AEG's upcoming Seoul Metropolitan Arena.

AEG has partnered with the CJ LiveCity Corporation to pursue building a state-of-the-art arena in Seoul’s Goyang City in the Gyeonggi Province of Korea.

CJ LiveCity is a subsidiary of CJ Group which owns the largest media and entertainment company in Korea and will join AEG in building the 20,000-capacity Seoul Metropolitan Arena. 

"This collaboration combines CJ’s long-standing cultural business capabilities with AEG’s venue development and operations expertise and its global live touring and promotions capacities," said CJ LiveCity’s CEO Michael Kim in a release. "Seoul Metropolitan Arena, which will be designed by a leading architectural firm, is expected to be a competitive venue not only across Asia, but also globally due to performances of K-Pop as well as world-renowned artists."

The CJ LiveCity K-culture themes entertainment district will include the arena, a studio complex and a waterfront park. The two entities estimate more than 20 million visitors annually for the site that is centrally positioned among five of Korea’s largest cities with a combined population of over 150 million people.

Developers expect Seoul Metropolitan Arena will become Korea’s largest and most advanced live performance venue for K-Pop, international artist tours, sports events and Hallyu content that offers both indoor and outdoor experiences.

"We believe that the combination of CJ LiveCity and the new Seoul Metropolitan Arena will revolutionize Korea and the region’s entertainment landscape," said AEG Asia president and CEO Adam Wilkes in a release. "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. CJ has an in-depth understanding of the Korean and Asian markets and unparalleled experience in entertainment. We believe that Seoul Metropolitan Arena will become a must play destination for world tours and look forward to breaking new ground together."

AEG plans to curate international and domestic tours for the arena through AEG Presents. No scheduled date for the venue’s opening has been announced.

"Securing qualified content based on building a world-class facility is a key success factor for the Arena in CJ LiveCity," added Kim. "In this context, the collaboration with AEG, which is one of the world’s leading venue operators and global live music companies, will be one of the most important factors for the arena’s success."

AEG owns and has developed such renowned venues and entertainment districts as STAPLES Center and LA LIVE in Los Angeles, which is visited by more than 20 million guests annually and has also developed China’s premier entertainment destination Mercedes Benz Arena in Shanghai in partnership with the NBA and Oriental Pearl Group. AEG is currently developing two venues in Bangkok through a joint venture partnership with Thailand’s leading retail developer, The Mall Group.


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