{"id":21848,"date":"2021-08-23T13:47:46","date_gmt":"2021-08-23T16:47:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=21848"},"modified":"2026-04-23T16:22:59","modified_gmt":"2026-04-23T19:22:59","slug":"kim-young-san-named-new-ceo-of-grand-korea-leisure","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/kim-young-san-named-new-ceo-of-grand-korea-leisure","title":{"rendered":"Kim Young-San named new CEO of Grand Korea Leisure"},"content":{"rendered":"\n

Kim Young-San has been appointed as CEO to replace Yoo Tae-Yeol, who took up the position in 2018.<\/p>\n\n\n\n\n\n\n\n

South Korea.- The South Korean operator of foreigner-only casinos Grand Korea Leisure (GKL)<\/strong> has announced the appointment of Kim Young-San as CEO and chairman of the board.<\/strong><\/p>\n\n\n\n

Kim Young-San<\/strong>, who has served as vice-chairman of the Korea Casino Association since 2019, will replace\u00a0<\/strong>Yoo Tae-Yeol\u00a0<\/strong>for a three-year term.<\/p>\n\n\n\n

The new CEO was director of the Culture and Arts Policy Office and of the Planning and Coordination Office\u00a0<\/strong>from 2016 to 2019. He was appointed after recommendations from the Minister of Culture, Sports and Tourism.<\/p>\n\n\n\n

GKL reports net loss of US$15.5m for the second quarter<\/h2>\n\n\n\n

Grand Korea Leisure<\/a> has reported a net loss of KRW18.06bn (US$15.5m)<\/strong> for the second quarter, a reduction from a net loss of about KRW37.43bn in the first quarter.<\/a><\/p>\n\n\n\n

The casino operator saw a\u00a0growth in sales to KRW32.98bn<\/strong>, up 41.8 per cent from 2020 and up 525.8 per cent quarter-on-quarter. <\/p>\n\n\n\n

GKL\u2019s operating loss <\/strong>for the first quarter was nearly KRW25.90bn, which compares KRW32.10bn last year.<\/p>\n\n\n\n

Last week, the company<\/a> reported that casino sales declined by 48.5 per cent <\/strong>month-on-month in July to KRW7.57bn (US$6.62m).<\/p>\n\n\n\n

In the first seven months of the current year, Grand Korea Leisure registered casino sales of KRW47.86bn<\/strong>, down 67.5 per cent year-on-year. Table games aggregate sales <\/strong>reached KRW40.30bn between January and July, down 69 per cent. Machine game sales <\/strong>were KRW7.56bn, down 56.7 per cent.<\/p>\n","protected":false},"excerpt":{"rendered":"

Kim Young-San has been appointed as CEO to replace Yoo Tae-Yeol, who took up the position in 2018.<\/p>\n","protected":false},"author":176,"featured_media":21849,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Grand Korea Leisure (GKL) has appointed Kim Young-San as its new CEO and chairman, replacing Yoo Tae-Yeol. This leadership transition occurs as the foreigner-only casino operator reported a Q2 net loss of US$15.5m, an improvement from Q1, despite significant year-on-year and month-on-month declines in casino sales for the first seven months of the year. The new CEO's background includes roles within the Korea Casino Association and government cultural offices, indicating potential shifts in operational strategy and regulatory engagement.","focusai_entities":"Kim Young-San, Yoo Tae-Yeol, Grand Korea Leisure (GKL), Korea Casino Association, Culture and Arts Policy Office, Planning and Coordination Office, Minister of Culture, Sports and Tourism","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.95), regulator (0.9), compliance_legal (0.75), operator_casino (0.9), investor_analyst (0.98), supplier_vendor (0.7), journalist_researcher (0.95)","focusai_suggestions":[{"label":"CEO's Strategic Vision?","query":"What strategic shifts in operational management, market expansion, or B2B partnerships can be anticipated under Kim Young-San's leadership, particularly given his background in government and the Korea Casino Association?"},{"label":"Financial Recovery Outlook?","query":"What specific initiatives or market catalysts are expected to reverse the significant year-on-year decline in GKL's casino sales (GGR) and improve its net profitability (NGR) in the coming quarters, especially for table and machine gaming verticals?"}],"footnotes":""},"categories":[157,16338],"tags":[492,17025,23907],"class_list":["post-21848","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-gkl","tag-grand-korea-leisure","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21848","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=21848"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21848\/revisions"}],"predecessor-version":[{"id":21900,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/21848\/revisions\/21900"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/21849"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=21848"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=21848"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=21848"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}