second 12-month extension<\/a>\u00a0granted for the project on Yeongjong Island in the Incheon Free Economic Zone.<\/p>\n\n\n\nThe project\u2019s first phase was originally due to be completed in 2021, and then in March 2022. The government has reportedly said that the possibility of a third extension will not be on the table.<\/p>\n","protected":false},"excerpt":{"rendered":"
R&F Properties has confirmed it will sell some land earmarked for apartments in order to ramp up investment in the Incheon Free Economic Zone.<\/p>\n","protected":false},"author":176,"featured_media":22068,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"R&F Properties is divesting land to increase investment in its integrated resort project within the Incheon Free Economic Zone, South Korea. The Ministry of Culture, Sports and Tourism granted a 12-month extension for the foreigner-only casino complex's first phase, pushing the deadline to March 2023, contingent on an additional KRW47bn (US$38.4m) investment. This marks the second extension, with the government indicating no further delays will be considered for the project on Yeongjong Island.","focusai_entities":"R&F Properties Co Ltd, South Korea\u2019s Ministry of Culture, Sports and Tourism","focusai_location":"South Korea, Incheon, Midan City, Yeongjong Island","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.8), operator_casino (0.85), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"R&F Capital Strategy","query":"What are the long-term implications of this land divestment for R&F Properties' capital structure and future integrated resort development pipeline?"},{"label":"Regulatory Precedent","query":"What precedent does the Ministry's conditional extension and 'no further delays' stance set for other large-scale gaming vertical developments in South Korea?"}],"footnotes":""},"categories":[157,16338],"tags":[23632],"class_list":["post-28279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-integrated-resorts"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28279","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=28279"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28279\/revisions"}],"predecessor-version":[{"id":28286,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/28279\/revisions\/28286"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/22068"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=28279"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=28279"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=28279"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}