Therme Group has announced the location of its first Asia Pacific project. The wellbeing resort will be in South Korea’s Incheon City as part of its Golden Harbor development.
A memorandum of agreement was signed on Wednesday 20 December by Therme Group’s Senior Vice President Stelian Iacob and Incheon Free Economic Zone (IFEZ) commissioner Kim Jinyong. The identification of the Golden Harbor site follows an initial letter of cooperation in November 2022 which saw Therme and the city working together to identify the best location for the project.
The agreement will see project plans progressing throughout 2024 and an expected lease signing in 2025. Subject to finalised plans and permissions, construction is expected to take two to three years.
Incheon is the global gateway city to neighbouring Seoul. Its Golden Harbor development is adjacent to an international ferry terminal, 15 minutes from Incheon International Airport and one hour from Seoul city centre by public transport. As such, the Therme site will be easily accessible to millions of domestic and international guests while providing spectacular views across the bay.
Commenting on the project, Stelian Iacob said “Golden Harbor is truly spectacular, and it is fitting to bring our first Asia Pacific Therme to this iconic global gateway location. South Korea has rich and varied wellbeing traditions, and we look forward to working with local partners to reflect this history and culture.”
IFEZ Commissioner Kim Jinyong added “Therme’s spectacular resort will appeal to all residents and tourists, not only boosting our economy but also positioning Incheon as a world-leading wellbeing city of the future.”
Golden Harbor is Therme’s first announced location in the Asia Pacific, with further projects to follow in the region.
Photo credit (above): IFEZ
The Golden Harbor site will offer Therme guests spectacular views across Incheon’s bay. Photo: Incheon Port Authority