{"id":777016509,"date":"2024-06-18T09:11:55","date_gmt":"2024-06-18T12:11:55","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777016509"},"modified":"2026-04-22T09:02:38","modified_gmt":"2026-04-22T12:02:38","slug":"paradise-co-to-start-trading-on-kospi-next-week","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/paradise-co-to-start-trading-on-kospi-next-week","title":{"rendered":"Paradise Co to start trading on KOSPI next week"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">The company&#8217;s stock will be transferred from KOSDAQ.<\/p>\n\n\n\n<!--more-->\n\n\n\n<p class=\"wp-block-paragraph\">South Korea.-<strong> Paradise Co<\/strong> has announced in a document to the Korea Stock Exchange (KRX) that it has met the requirements for a new stock exchange evaluation. Its stock will move from KOSDAQ to KOSPI on June 24.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Paradise Co sent its request to be listed on the Korea Exchange\u2019s Stock Market Division in April and received approval on June 14. The KOSPI is an index of all common shares on the main trade board of the Korea Stock Exchange. KOSDAQ began in 1996 as an independent stock market by the Korea Financial Investment Association.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Paradise Co\u00a0<\/strong>reported <a href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-posts-casino-revenue-of-us57-35m-for-may\" target=\"_blank\" rel=\"noreferrer noopener\">casino revenue<\/a> of KRW78.67bn (US$57.35m) for May. That\u2019s a rise of 14.8 per cent year-on-year but a decline of 5.2 per cent\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-casino-revenue-up-59-month-on-month\" target=\"_blank\" rel=\"noreferrer noopener\">when compared to the previous month<\/a>. For the first five months of the year, casino revenue was KRW368.45bn (US$268.14m), up 43.4 per cent.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Paradise Co placed on antitrust watchlist<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">The Fair Trade Commission of South Korea has put\u00a0<a href=\"https:\/\/focusgn.com\/asia-pacific\/paradise-co-placed-on-antitrust-watchlist\" target=\"_blank\" rel=\"noreferrer noopener\">Paradise Co<\/a>\u00a0on its list of companies subject to enhanced supervision.\u00a0Under South Korean law, companies with assets over KRW5tn (US$3.68bn) must provide details about their business transactions and ownership structure.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The company operates three gaming venues directly: Walkerhill in Seoul, Paradise Jeju on Jeju island, and a property in the port city of Busan.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The company&#8217;s stock will be transferred from KOSDAQ.<\/p>\n","protected":false},"author":176,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Paradise Co. is transferring its stock listing from KOSDAQ to KOSPI on June 24, following approval from the Korea Exchange. Concurrently, the company reported a 14.8% year-on-year increase in May casino revenue, reaching KRW78.67bn, and has been placed on South Korea's antitrust watchlist due to its asset size.","focusai_entities":"Paradise Co, Korea Stock Exchange (KRX), Korea Financial Investment Association, Fair Trade Commission of South Korea","focusai_location":"South Korea, Seoul, Jeju island, Busan","focusai_target_profile":"ceo_executive (0.9), regulator (0.95), compliance_legal (0.9), operator_casino (0.75), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"KOSPI Listing Impact?","query":"What are the implications of Paradise Co's KOSPI listing for its institutional investor base and capital raising capabilities?"},{"label":"Antitrust Watchlist Effects?","query":"How might the enhanced supervision by the Fair Trade Commission impact Paradise Co's future M&A activities or operational expansion within South Korea?"}],"footnotes":""},"categories":[16338,163],"tags":[1705],"class_list":["post-777016509","post","type-post","status-publish","format-standard","hentry","category-east-asia-news","category-finance-news","tag-paradise-co"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016509","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=777016509"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016509\/revisions"}],"predecessor-version":[{"id":777016541,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777016509\/revisions\/777016541"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777016509"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777016509"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777016509"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}