Choi Cheol-kyoo<\/strong>, the interim CEO of Kangwon Land, said he aims to transform the resort into a world-class tourist destination with a wide range of offerings beyond gambling. He said the company plans to increase non-casino revenue from 13 per cent to 30 per cent by 2032 and add more restaurants and retail outlets and a larger space for shows and events.<\/p>\n\n\n\n\u201cJust as Las Vegas transformed from a desert mining town into a global entertainment hub, Kangwon Land has the potential to transform from a former coal mining region. Distance is no longer a barrier in today\u2019s world, and we aim to create a world-class destination here,” he stated.<\/p>\n","protected":false},"excerpt":{"rendered":"
Kangwon Land will buy back 2.4m shares.<\/p>\n","protected":false},"author":176,"featured_media":14765,"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 is executing a KRW40bn (US$29.5m) share buyback program for 2.4m units to stabilize its public share price and enhance shareholder value. This initiative follows the company's recent announcement of the KRW2.5tn K-HIT Project 1.0, aimed at tripling casino space and diversifying revenue streams by 2032 to transform into a global entertainment destination. The strategic moves underscore a dual focus on capital management and long-term operational expansion and diversification.","focusai_entities":"Kangwon Land, NH Investment & Securities, Choi Cheol-kyoo, The Korea Times","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (1.0), regulator (0.8), compliance_legal (0.9), operator_casino (1.0), product_ux (0.7), payments_fraud_aml (0.7), investor_analyst (1.0), supplier_vendor (0.9), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Buyback Impact Analysis","query":"What is the projected impact of Kangwon Land's KRW40bn share buyback on its earnings per share (EPS) and capital structure, considering the concurrent KRW2.5tn K-HIT Project 1.0 investment?"},{"label":"Diversification Strategy ROI","query":"How does Kangwon Land's target of increasing non-casino revenue to 30% by 2032 align with industry benchmarks for integrated resorts, and what are the anticipated ROI timelines for the K-HIT Project 1.0's diversification initiatives?"}],"footnotes":""},"categories":[16338,163],"tags":[16471,23907],"class_list":["post-777019899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-east-asia-news","category-finance-news","tag-kangwon-land","tag-land-based-casino"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019899","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=777019899"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019899\/revisions"}],"predecessor-version":[{"id":777019923,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019899\/revisions\/777019923"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14765"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}