Kangwon Land has recommended a dividend after returning to profit last year.<\/p>\n\n\n\n\n\n\n\n
South Korea.- Kangwon Land<\/strong>, the operator of South Korea’s only casino open to locals, has recommended its first dividend payout in three years following a positive financial performance in 2022. <\/p>\n\n\n\n The firm suffered significant losses during the Covid-19 pandemic, but reported net income of KRW115.6bn for the year ended December 2022<\/a> due to the normalisation of casino operations following the lifting of Covid-19 restrictions<\/a>. <\/p>\n\n\n\n The proposed dividend of KRW350 (US$0.264) per share represents a yield of 1.5 per cent and totals nearly KRW70.96bn. Shareholders are expected to approve the payout at a meeting on March 29. <\/p>\n","protected":false},"excerpt":{"rendered":" Kangwon Land has recommended a dividend after returning to profit last year.<\/p>\n","protected":false},"author":176,"featured_media":25903,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Kangwon Land, South Korea's sole local-access casino operator, has recommended its first dividend in three years following a significant return to profitability in 2022. This financial recovery, reporting KRW115.6bn net income, is attributed to the normalization of casino operations post-COVID-19 restrictions. Shareholders are slated to approve the KRW350 per share payout, totaling KRW70.96bn, on March 29.","focusai_entities":"Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.9), operator_casino (0.85), investor_analyst (0.95), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Future GGR projections?","query":"What are the projected GGR and NGR growth rates for Kangwon Land in the next fiscal year, considering the sustained normalization of operations and potential for increased visitation?"},{"label":"Capital allocation strategy?","query":"Beyond this dividend, what is Kangwon Land's long-term capital allocation strategy, including potential for reinvestment in gaming verticals, M&A, or further shareholder returns?"}],"footnotes":""},"categories":[157,16338],"tags":[16471],"class_list":["post-777003189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-news","category-east-asia-news","tag-kangwon-land"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003189","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=777003189"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003189\/revisions"}],"predecessor-version":[{"id":777003211,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777003189\/revisions\/777003211"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25903"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777003189"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777003189"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777003189"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}