{"id":23712,"date":"2021-10-20T07:34:00","date_gmt":"2021-10-20T10:34:00","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=23712"},"modified":"2026-04-23T14:38:17","modified_gmt":"2026-04-23T17:38:17","slug":"shinhwa-world-casino-urged-to-halt-redundancy-programme","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/shinhwa-world-casino-urged-to-halt-redundancy-programme","title":{"rendered":"Shinhwa World Casino urged to halt redundancy programme"},"content":{"rendered":"\n

The Shinhwa World Casino has been accused by the Jeju Tourism Service Union of pushing its workers into voluntary redundancy.<\/p>\n\n\n\n\n\n\n\n

South Korea.-\u00a0The Shinhwa World Casino has launched a voluntary redundancy programme<\/strong>, a move that has been highly criticised by unions.<\/p>\n\n\n\n

According to the casino operator, the measure was taken as the Jeju casino industry faces an economic crisis due to the lack of tourists amid Covid-19 countermeasures. However, members of the Jeju Tourism Service Union stated the casino operator was forcing its employees to accept the company\u2019s offer.<\/p>\n\n\n\n

The union said the company should propose measures, for example, wage cuts, and the withdrawal of its rebuilding plan.\u00a0It has requested mediation from Jeju and the Jeju Provincial Council.<\/p>\n\n\n\n

The union said: “All workers accepted paid and unpaid leave and worked without receiving normal wages for over a year. We waited together with a heart to overcome.\u00a0<\/p>\n\n\n\n

“However, (management) is driving the workers who have endured hard work to the streets. People with management rights should be held responsible for management failures, so why are they trying to take away workers\u2019 rice bowls?”<\/p>\n\n\n\n

The foreigner-only casinos operating on Jeju island in South Korea are\u00a0Jeju Shinhwa World<\/a>, Paradise Casino and the Jeju Dream Tower casino<\/a>. The casinos are struggling owing to the lack of tourism due to\u00a0the Covid-19 pandemic<\/strong>.<\/p>\n\n\n\n

South Korea\u2019s foreigner-only casino operators <\/strong>depend almost entirely on the arrival of tourists. During the first two months of 2021 combined, tourist arrivals to South Korea were down 93.7 per cent<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

The Shinhwa World Casino has been accused by the Jeju Tourism Service Union of pushing its workers into voluntary redundancy.<\/p>\n","protected":false},"author":176,"featured_media":19350,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Shinhwa World Casino in South Korea has initiated a voluntary redundancy program, citing severe economic downturn due to reduced tourism amidst Covid-19. The Jeju Tourism Service Union criticizes this, alleging forced redundancies and proposing alternative cost-saving measures. This situation highlights the significant operational challenges faced by foreigner-only casinos on Jeju Island.","focusai_entities":"Shinhwa World Casino, Jeju Tourism Service Union, Paradise Casino, Jeju Dream Tower casino","focusai_location":"South Korea, Jeju","focusai_target_profile":"ceo_executive (0.9), regulator (0.7), compliance_legal (0.7), operator_casino (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Impact on Jeju GGR?","query":"What is the projected impact of these operational challenges and labor disputes on the Gross Gaming Revenue (GGR) and Net Gaming Revenue (NGR) for the Jeju foreigner-only casino market in the next 12-24 months?"},{"label":"Regulatory intervention scope?","query":"What is the scope for regulatory or governmental intervention, if any, to mitigate the economic distress faced by Jeju's foreigner-only casinos, particularly concerning labor relations and operational sustainability?"}],"footnotes":""},"categories":[28,16338,158],"tags":[23911],"class_list":["post-23712","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","category-slider-home","tag-gambling-regulation"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23712","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=23712"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23712\/revisions"}],"predecessor-version":[{"id":23717,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/23712\/revisions\/23717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/19350"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=23712"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=23712"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=23712"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}