| Korean port resort

to be built at South Korea’s North
Port in Busan costing one trillion
won (A$1.18b have been filed
with Korean authorities.
The project is a joint venture
between Korean retail giant Lotte
Group and Malaysian hotel and
gaming icon Genting Group.

duty-free shops and water sport
facilities will all be part of the
completed project, although no
tentative open date was advised.