Lotte World is a major recreation complex in Seoul, South Korea. It consists of a large indoor theme park, an outdoor amusement park called "Magic Island", an artificial island inside a lake linked by monorail, shopping malls, a luxury hotel, a Korean folk museum, sports facilities, and movie theaters. Opened on July 12, 1989, Lotte World receives 7.3 million visitors each year. General information Lotte World is located in Sincheon-dong, Songpa-gu, Seoul, South Korea. It is made up of two main sections, the outdoor amusement park Magic Island, and Adventure (indoors). Lotte World is open all year long without any holiday closings and has operating hours from 9 am to 11 pm. Opening Lotte World Adventure started construction in August 1984, opened at 11 a.m. on July 12, 1989, and Magic Island opened on March 24, 1990. It is located near Jamsil Station on Seoul Subway Line 2 and Seoul Subway Line 8. In the early days, there was also a market and a New Country Supermarket, but in 1990, the New Country Supermarket was absorbed by Lotte Shopping and changed its name to Lotte Department Store in Jamsil in 1998. In Seomyeon, Busan, there was Lotte World Sky Plaza, which started construction in 1992 and opened in 1996, but it was in the red due to the lack of a free pass system and annual membership system. In 1999, it was demolished due to the safety issues of the Sky Plaza and Loop. Busan Lotte World Sky Plaza has now been replaced by Lotte Cinema multiplex theaters. The initial hours of operation were 9:30 a.m. to 8 p.m., but the hours of operation have changed from 9:30 a.m. to 11 p.m. since 1998 when marketing was conducted stating "every day until 11 p.m." Lotte World also rose 20 percent when sales at other theme parks in Korea fell about 20 percent during the IMF bailout. There are more than 40 different kinds of amusement facilities, including Gyro Drop and Atlantis, and there are also large-scale fantasy parades at 2 p.m. and 7 p.m. every day except Monday. On December 12, 2007, the total number of visitors exceeded 100 million, and in 2012, foreign tourists accounted for 10 percent of the total. Lotte Department Store Jamsil branch and duty-free shop are also famous tourist attractions. In the Seoul metropolitan area, it is considered one of the top three entertainment facilities