The operator aims to increase its dividend payout ratio.<\/p>\n\n\n\n\n\n\n\n
South Korea.- Kangwon Land <\/strong>has announced a Corporate Value-up Plan <\/strong>intended to increase its corporate value. It aims to achieve a shareholder payout ratio of 60 per cent by 2026<\/strong>. To these ends, it intends to increase its dividend payout ratio to at least 50 per cent<\/strong> and introduce a three-year share buy-back programme worth KRW100bn (US$72.9m). <\/p>\n\n\n\n As reported earlier this week<\/a>, the operator will buy-back up to KRW40bn (US$29.5m) of shares this year. It will follow that with KRW60bn (US$44m) in buy-backs in 2025 and 2026. The casino operator aims to attain a price-to-book (PBR) ratio of 1.2 times by 2026 and achieve 100 per cent compliance with key corporate governance indicators.<\/p>\n\n\n\n In April, Kangwon Land unveiled a KRW2.5tn (US$1.85bn) investment plan dubbed <\/strong>K-HIT Project 1.0<\/a>. It will triple the size of casino space by 2032. The company aims to enhance the gaming experience for international visitors and align operational standards, including betting restrictions, with global benchmarks.<\/p>\n\n\n\n For the second quarter of the year, the company posted a net profit of KRW149.8bn (US$107.9m), up 59.5 per cent in quarter-on-quarter terms<\/a> and 64.2 per cent when compared to the second quarter of 2023<\/a>.<\/p>\n\n\n\n Gaming sales<\/strong>\u00a0were up 3.8 per cent year-on-year but down 3.4 per cent sequentially at KRW305.4bn (US$220m).\u00a0Non-gaming sales<\/strong>\u00a0reached KRW32.3bn (US$23m), down 11.5 per cent year-on-year and down 37.8 per cent when compared to the previous quarter. Operating profit\u00a0<\/strong>was down 3.1 per cent sequentially and down 10.4 per cent from last year at KRW73.4bn (US$52m).<\/p>\n","protected":false},"excerpt":{"rendered":" The operator aims to increase its dividend payout ratio.<\/p>\n","protected":false},"author":176,"featured_media":777006346,"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 has unveiled a Corporate Value-up Plan targeting a 60% shareholder payout ratio by 2026, including a 50% dividend payout and a KRW100bn share buy-back program. This initiative, alongside the KRW2.5tn K-HIT Project 1.0 to expand casino space, aims to enhance corporate value, improve governance, and align operational standards with global benchmarks, despite mixed Q2 financial results.","focusai_entities":"Kangwon Land","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (1.0), regulator (0.7), compliance_legal (0.7), operator_casino (0.9), investor_analyst (1.0), supplier_vendor (0.7), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Payout Ratio Sustainability","query":"How will Kangwon Land's projected GGR and NGR growth support the targeted 60% shareholder payout ratio by 2026, especially given the mixed Q2 performance?"},{"label":"K-HIT Project ROI","query":"What are the projected ROI metrics and timeline for the KRW2.5tn K-HIT Project 1.0, and how will the expanded casino space specifically enhance international visitor GGR contribution?"}],"footnotes":""},"categories":[157,16338],"tags":[16471],"class_list":["post-777019969","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\/777019969","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=777019969"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019969\/revisions"}],"predecessor-version":[{"id":777020001,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777019969\/revisions\/777020001"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777006346"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777019969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777019969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777019969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}