Skyline has signed a lease for its fourth overseas commercial luge in the Korean city of Tongyeong and expects 1.6 million visitors a year.
The company already has four commercial luges - two in Canada, one in Singapore, one in Queenstown, and now it will set up a $10 million investment in Korea.
For five years, Skyline representatives have been identifying luge sites in Korea and director Ken Matthews thinks they have found the perfect one.
"It is a beautiful place; it is very clean. It is much like Queenstown without that mountain spectacular."
Mountains or not, the city gets 6 million visitors a year and Skyline hopes to capitalise with the new 1500m luge track, which will soon expand to three.
The 16ha site already has a cabled gondola and Mr Matthews said it was Skyline's aim to add to the "cluster of activities" in the tourist city.
The job will cost about $10 million which would include an uphill and downhill terminal as well as a ticketing box.
Skyline Queenstown covers just 4ha of land and the luge track itself runs for about half the distance of its planned venture in Tongyeong.
The possibility of a world-class downhill mountain biking option at the site had not been ruled out.
"There is a lot of scope. Mountain biking is part of the agreement, whether there is a market for it, it is good to include in the agreement."
He said there were another "four or five" sites around the world Skyline was looking at, but he would not reveal where exactly these were.
"The commercial prospects are exciting; we know the luge is a good product," he said.
