{"id":777011678,"date":"2023-12-06T10:10:17","date_gmt":"2023-12-06T13:10:17","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777011678"},"modified":"2026-04-22T14:57:03","modified_gmt":"2026-04-22T17:57:03","slug":"kangwon-land-confirms-choi-cheol-gyu-as-new-ceo","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/kangwon-land-confirms-choi-cheol-gyu-as-new-ceo","title":{"rendered":"Kangwon Land confirms Choi Cheol-Gyu as new CEO"},"content":{"rendered":"\n

Choi Cheol-Gyu will serve as CEO following the resignation of Lee Sam-Geol.<\/p>\n\n\n\n\n\n\n\n

South Korea.- Kangwon Land<\/strong>, the only casino in South Korea that allows locals to enter, has confirmed that its vice president Choi Cheol-Gyu<\/strong> will serve as CEO as of yesterday (December 5) following the resignation of Lee Sam-Geol<\/a>. Choi was previously the secretary for national integration for the Presidential Secretariat.<\/p>\n\n\n\n

Lee Sam-Geol<\/strong>\u00a0stepped down last week. He was\u00a0appointed in April 2021<\/a>\u00a0for a three-year term to replace Moon Tae-Gon, who was promoted to interim chairman.<\/p>\n\n\n\n

South Korean news outlets have reported that political figures, community representatives, and some company personnel had been pushing for Lee\u2019s resignation, claiming there had been a \u201clack of communication\u201d and neglect of local small businesses.<\/p>\n\n\n\n

In June, Kangwon Land received a D grade in the government\u2019s annual public organisation performance evaluation, the lowest rating it has ever received. The report cited various such as lack of customer-attracting content, inefficient labour costs, workplace sexual harassment and bullying, and corruption related to staff recruitment. The company was fined KRW 3.23bn (US$2.5m) for 182 anti-money laundering violations in the same month.<\/p>\n\n\n\n

The casino operator posted a net profit of KRW73.8bn (US$56.2m) for the third quarter of the year, down 1.3 per cent in year-on-year terms and 19.4 per cent when compared to the previous quarter<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Choi Cheol-Gyu will serve as CEO following the resignation of Lee Sam-Geol.<\/p>\n","protected":false},"author":226,"featured_media":9734,"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 casino permitting local entry, has appointed Choi Cheol-Gyu as CEO following Lee Sam-Geol's resignation. This leadership transition occurs amidst significant operational challenges, including a D-grade government performance rating, a substantial fine for AML violations, and declining Q3 net profit, all exacerbated by stakeholder pressure regarding governance and local business engagement.","focusai_entities":"Choi Cheol-Gyu, Lee Sam-Geol, Moon Tae-Gon, Kangwon Land, Presidential Secretariat","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (1.0), regulator (1.0), compliance_legal (1.0), operator_casino (1.0), product_ux (0.7), marketing_crm (0.7), payments_fraud_aml (1.0), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"New CEO's immediate priorities?","query":"What specific governance reforms and operational efficiency initiatives will Choi Cheol-Gyu prioritize to address the D-grade performance rating and AML compliance failures at Kangwon Land?"},{"label":"Impact on regulatory posture?","query":"How will South Korean regulatory bodies respond to Kangwon Land's persistent compliance issues, particularly the 182 AML violations, and what enhanced oversight measures might be implemented?"}],"footnotes":""},"categories":[157,16338],"tags":[16471],"class_list":["post-777011678","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\/777011678","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\/226"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777011678"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011678\/revisions"}],"predecessor-version":[{"id":777011690,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777011678\/revisions\/777011690"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/9734"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777011678"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777011678"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777011678"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}