WAVEPARK

What WAVEPARK does

WAVEPARK Co., Ltd., founded in 2020 and headquartered on Geobukseom (Turtle Island) in Siheung, Gyeonggi-do, South Korea, operates what it describes as Asia's first and the world's largest artificial surf park combined with an integrated marine leisure complex (operator: Daewonplus Co., Ltd.). The core asset is the Surf Cove — a mechanical, large-scale wave-generation system (~26,000-ton referenced capacity) that produces configurable left and right surf breaks divided into bay (foam wave) zones for beginners at ~0.5m and reef (green wave) zones for intermediate/advanced surfers at 0.5m–1.0m+, with sub-zones (M1–M4) tuning wave difficulty. The Mio Costa zone adds a heated parallel/diamond wave pool, recreation and kids' pools, island spa, cabanas and F&B outlets; a separate 5m, 28–30°C Blue Holla-gun diving pool supports scuba, free, mermaid, and NAUI-certified open-water diver training. On-site caravan accommodation (Garden/Lake/VIP tiers) and event programming — including night sessions, mermaid performances, and kids' lessons — round out the offer.

The company monetizes through per-session surf tickets and tiered 5-level lessons (80,000–130,000 KRW), Mio Costa day passes (40,000–50,000 KRW), diving experiences, equipment rental (boards, wetsuits), cabana and sunbed rental, nightly caravan stays (110,000–220,000 KRW), on-site F&B (Food Street, Food Court, Surflex, Queens Black, Mondo Beach, etc.), a monthly 330,000 KRW season pass, corporate/group bookings (minimum 10 surf, 20 Mio Costa) and external partner channels (O'Neill retail, 야놀자/쿠팡 ticketing). A dedicated shuttle-bus service from three Seoul hubs (Gangnam, Godaeterminal, Sadang) plus connections from Jeongwang and Oido stations and dedicated parking underpin access from the Seoul metropolitan area; multi-language site support (KR/EN/JP/ZH/DE) targets international visitors.

WAVEPARK is privately held, employs 12 people, and reports no funding rounds, M&A, or institutional investment in available sources. Its primary customer segments are individual surfing enthusiasts (beginner through advanced, 150cm+ height-gated), families/general leisure visitors using the Mio Costa water-park zone, and secondary segments of diving enthusiasts and outdoor/camping visitors. Forward motion is concentrated in channel/ecosystem buildout (Surf Alliance 2025, Global Sales Partners 2025) rather than M&A or new facility expansion.

Name

WAVEPARK

Legal name

WAVEPARK Co., Ltd.

Website

https://wavepark.co.kr

Company type

Private

Founded year

2020

Operating status

Operating

Short description

WAVEPARK operates Asia's first and the world's largest artificial surf park in Siheung, South Korea, integrating surf cove sessions and lessons, the Mio Costa water-park zone, a 5m NAUI-certified diving pool, on-site caravan accommodation, F&B and equipment rental, serving individual surf enthusiasts, families and diving/camping visitors from the Seoul metropolitan area.

Ownership category

akta.pro rank

Product category

Surf Theme Park

NAICS

Amusement and Theme Parks (713110)

SIC

Services-Amusement & Recreation Services (7900)

akta.pro primary industry

Water Parks (Outdoor/Indoor, Wave Pools & Slides) (THAJAEAB)

akta.pro secondary industries

Surf Schools & Surf Camps (THAAAKAC), Aquatic Playgrounds & Splash Pads (Spray Parks, Kids’ Water Play) (THAAABAE), Resort & Hotel Water Parks (On-Property Guest-Access Parks) (THAAABAC)

Keywords

• Artificial surf park
• Water park recreation
• Surfing lessons
• Diving programs
• Caravan camping

Headquarters

HQ city

Siheung-si

HQ country

South Korea

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Personnel, Infrastructure, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Surf Session Tickets: Per-session entry tickets for surf cove access, priced by zone (bay vs. reef) and skill level (beginner/intermediate/advanced). Sessions are time-blocked with limited capacity per time slot. Additional session add-ons available at premium pricing.
2. Surf Lessons: Structured lesson programs across 5 skill levels, with packages including wetsuit/board rental for Lv.1-3. Private lessons available at premium pricing. Children's lessons offered separately at Mio Costa zone.
3. Water Park Entry (Mio Costa): Day pass entry to Mio Costa zone including access to Mio pool, kids pool, recreation pool, island spa, and water attractions. Separate fees for cabana and sunbed rental within the zone.
4. Diving Experiences: Scuba diving experiences, free diving sessions, mermaid experiences, pendant diving certification, and open water certification courses. Equipment rental available separately.
5. Equipment Rental: Wetsuit, surfboard (softboard, hardboard, premium, high-end), rashguard, towel, and diving equipment rentals. Season-long board storage lockers and personal lockers available for purchase.
6. Caravan Accommodation: Overnight caravan camping with three view tiers (Garden View, Lake View, VIP). Includes individual bathroom, climate control, kitchenette. Barbecue and fire pit add-ons available. Nightly and seasonal rates vary by season.
7. Cabana and Sunbed Rental: Premium poolside cabana rentals in multiple zones (A, B, C, Surf, Deluxe) with pricing varying by season and weekend vs. weekday. Sunbeds available in zone groupings.
8. Food and Beverage: On-site dining through multiple outlets: Food Street (outdoor stalls), Food Court (casual meals), Surflex (surf-side café/bar), Queens Black (premium burgers), Deep Land (coffee/bakery), Mondo Beach (outdoor barbecue), and Garden Snackbar.
9. Season Pass: Monthly season pass providing unlimited surf session access during the purchase month. Requires online membership registration.

Pricing tiers

Go-to-market motion1 record

Distribution channels7 records

Marketing channels8 records

Core offering

WAVEPARK operates an artificial surf theme park in Siheung, South Korea featuring the world's largest Surf Cove with proprietary artificial wave-generation technology producing configurable, surfable waves for recreational surfing. The venue combines the Surf Cove surfing sessions with a 5-level surf lesson curriculum, the Mio Costa water park (11 wave pools and 14 water slides), a 5-meter diving pool with diving programs, caravan overnight accommodation, equipment rental, and on-site F&B outlets.

Product overview

웨이브파크(WAVEPARK)는 경기도 시흥시 거북섬에 위치한 해양관광레저 복합 시설로, 세계 최대 규모의 인공파도 서프코브를 핵심 제품으로 제공한다. 시설은 크게 서프존(서핑), 미오코스타존(워터파크), 다이빙존, 카라반존으로 구성되며, 각 존에서 서핑 레슨(Lv.1~Lv.5), 자유서핑, 스쿠버/프리다이빙, 머메이드 체험, 수중 스쿠터, 미오코스타 워터풀, 카라반 숙박 등 다양한 활동을 이용할 수 있다. 서브브랜드인 미오코스타(Mio Costa)는 '나의 바다'를 의미하며 도심 속 휴양지 컨셉의 워터파크를 운영한다. Additionally, the park offers rental equipment (boards, wetsuits, tubes, sunbeds, cabanas), season passes, and various experience programs like platform diving and emergency escape slides. The brand mascot Mio is a sloth character who escaped from a tropical rainforest to enjoy watersports at Turtle Island.

Differentiator

Problem solved

Functional benefit

Brands

• Mio Costa (미오코스타): A sub-brand of Wave Park, Mio Costa means 'my sea' in Spanish, representing a theme space for relaxation and energy rejuvenation. Located at the center of Mio Costa Zone with Mio Pool and beach-style amenities.

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Six partnerships are on record, tiered core and minor.

• Surf Alliance Members (全国各地 서핑샵 및 브랜드)coreStrategic or Co-development Partner · 1 January 2025WAVEPARK's 'Surf Alliance' program partners with surf shops and brands nationwide for joint marketing, co-developed packages, surf lesson collaboration, and event co-hosting. The program aims to expand surfing population, support partner businesses, and drive mutual customer acquisition. Recruitment conducted via business planning team ([email protected]).
• Global Sales Partners (해외 홍보 네트워크 보유 업체)minorChannel Partner/ Reseller/ Distributor · 1 January 2025WAVEPARK recruits overseas marketing partners with existing promotional channels (SNS, OTA, other networks) to drive international visitor traffic. Benefits include discounted experience products. Applications via [email protected].
• O'NeillminorChannel Partner/ Reseller/ DistributorO'Neill operates a branded retail outlet within WAVEPARK selling wetsuits, surf apparel, and rashguards. The partnership provides on-site equipment retail for visitors who need wetsuits or wish to purchase water sports gear.
• NAUI (National Association of Underwater Instructors)coreStrategic or Co-development PartnerWAVEPARK's diving programs award NAUI ( skinscub协会 ) certification for open water diver courses. NAUI is a long-established scuba diving certification association, and WAVEPARK issues their recognized certification upon course completion.
• Daewonplus Co., Ltd. (주)대원플러스coreOthersDaewonplus (parent/operator company) manages WAVEPARK's business operations, sales, marketing, and facility management. Contact: [email protected] for surf cove venue rental inquiries. Group bookings: [email protected]. Marketing inquiries: [email protected].
• 똑타 (Dokta App)minorChannel Partner/ Reseller/ DistributorOn-demand wide-area call bus service via the Dokta app connecting 사당역 to WAVEPARK on weekends (and weekdays to a different drop-off).

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Wavegarden: Spanish technology company that designs and licenses artificial wave-generating systems for surf parks worldwide. Wavegarden is the most direct comparable on the wave-generation technology and surf park venue business that WAVEPARK operates.
• Kelly Slater Wave Company: Developer of a high-performance artificial surfing wave technology and operator of surf park venues globally. Comparable to WAVEPARK on artificial wave technology, premium surfing experience, and multi-zone park design.
• Surf Lakes: Australia-based company building mechanical wave-generation technology for surf parks and surf schools. Direct technology and business-model peer to WAVEPARK's artificial surf cove.

Broad incumbents

• Caribbean Bay: One of Korea's largest outdoor water parks located near Seoul (Yongin). Comparable as a Korean metropolitan-area water park competing for the same family and leisure visitor segment that WAVEPARK targets with its Mio Costa zone.
• Lotte World Aqua Park: Large indoor water park operated within the Lotte World complex in Seoul. Comparable as a Seoul-metro water leisure destination with significant capex, brand pull, and family-visit focus.
• Ocean World (Vivaldi Park): Major indoor water park in Gangwon Province that has long served Seoul-metro water leisure demand. Comparable as a large-scale Korean water park destination with multi-attraction positioning.
• Siam Park: Award-winning water theme park in Tenerife, Spain, with wave pools, slides, and surf-style attractions. Comparable as a globally recognized destination water park combining family leisure with surf-adjacent wave experiences.
• Wet'n'Wild: Global chain of water parks with multiple locations across the US, Asia, and Australia. Comparable as a multi-zone water park operator with broad leisure appeal, similar to WAVEPARK's Mio Costa positioning.
• Sunway Lagoon: Large Asian theme park in Malaysia combining water park, amusement park, and adventure experiences. Comparable as a multi-modal destination entertainment venue in Asia with bundled surf-adjacent water attractions.

Others

• O'Neill (brand retail): Surf apparel and wetsuit brand that operates a branded retail outlet inside WAVEPARK. Relevant as an ecosystem partner rather than a competitor, indicating the brand and retail ecosystem around surf venues that WAVEPARK participates in.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@wavepark.official
• Facebookfacebook.com/waveparkkor
• Instagraminstagram.com/wavepark__

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about WAVEPARK