{"id":777038927,"date":"2026-03-10T08:12:26","date_gmt":"2026-03-10T11:12:26","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777038927"},"modified":"2026-04-21T13:40:59","modified_gmt":"2026-04-21T16:40:59","slug":"kangwon-land-to-invest-us135m-in-hotel-room-renovation-ahead-of-second-casino-opening","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/kangwon-land-to-invest-us135m-in-hotel-room-renovation-ahead-of-second-casino-opening","title":{"rendered":"Kangwon Land to invest US$135m in hotel room renovation ahead of second casino opening"},"content":{"rendered":"\n

South Korea\u2019s Kangwon Land will renovate 757 hotel and condominium rooms before the launch of its second casino.<\/p>\n\n\n\n\n\n\n\n

South Korea.- Kangwon Land<\/strong>, the operator of South Korea\u2019s only casino open to local residents, has announced plans to invest around KRW200bn (US$135.4m) in a major renovation<\/strong> of accommodation. It aims for completion ahead of the opening of a second casino venue<\/a> in 2028.<\/p>\n\n\n\n

According to a company statement, the refurbishment programme will cover 757 hotel and condominium units, around 41 per cent of the resort\u2019s 1,827 accommodation units. Work is expected to begin in April.<\/p>\n\n\n\n

The work will include upgrades to 477 rooms at the Grand Hotel Main Tower<\/strong>, scheduled for completion by April 2028, and 280 rooms at the Mountain Condominium<\/strong>, which are expected to be finished by October 2027. The top floor of the Grand Hotel Main Tower will also be redesigned to include a new lounge for members.<\/p>\n\n\n\n

All of the rooms to be done up date back to the opening of the resort\u2019s main casino in 2003. Online reservations for these rooms have been suspended since March 1.<\/p>\n\n\n\n

The project forms part of Kangwon Land\u2019s long-term\u201cK-HIT 1.0\u201d development strategy<\/strong>, a multi-year plan running through 2035 that aims to modernise the resort and expand its tourism offering. A second casino building is expected to open in early 2028 adding additional gaming tables and machines to the resort\u2019s inventory.<\/p>\n\n\n\n

Earlier this month, Kangwon Land announced the appointment of Nam Han-Gyu<\/a> as its new interim chief executive officer. The leadership change follows the departure of Choi Cheol-Kyoo<\/strong>, who had been serving as vice-president and executive director.<\/p>\n\n\n\n

Kangwon Land reported total sales for 2025 of KRW1.48tn<\/strong>\u00a0(US$1.03bn), a 3.5 per cent increase from a year earlier. <\/p>\n\n\n\n


<\/p>\n\n\n

\n\t\t\tSee also:<\/span><\/p>\n
\n\t\t\t\t\"\"<\/p>\n

\n\t\t\t\t\tSee also:<\/span> South Korea\u2019s Paradise Co casino revenue rises 24% in February<\/a>\n\t\t\t\t<\/p>\n<\/p><\/div>\n<\/p><\/div>","protected":false},"excerpt":{"rendered":"

South Korea\u2019s Kangwon Land will renovate 757 hotel and condominium rooms before the launch of its second casino.<\/p>\n","protected":false},"author":226,"featured_media":777038932,"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 operator for local residents, has announced a KRW200bn (US$135.4m) investment for the renovation of 757 hotel and condominium rooms. This significant capital expenditure is part of its \"K-HIT 1.0\" long-term development strategy, aiming for completion by 2028, ahead of the launch of a second casino building. The company also reported KRW1.48tn in sales for 2025 and recently appointed Nam Han-Gyu as interim CEO.","focusai_entities":"Kangwon Land, Nam Han-Gyu, Choi Cheol-Kyoo","focusai_location":"South Korea","focusai_target_profile":"ceo_executive (0.95), regulator (0.75), compliance_legal (0.7), operator_casino (0.9), marketing_crm (0.7), investor_analyst (0.95), supplier_vendor (0.75), journalist_researcher (0.9)","focusai_suggestions":[{"label":"Projected ROI of renovation?","query":"What is the projected return on investment (ROI) for the KRW200bn accommodation renovation, specifically in relation to the anticipated GGR uplift from the second casino launch in 2028?"},{"label":"K-HIT 1.0 competitive positioning?","query":"How does the \"K-HIT 1.0\" development strategy, including the second casino, position Kangwon Land competitively against potential future integrated resort developments or policy changes regarding local access in South Korea?"}],"footnotes":""},"categories":[28,16338],"tags":[29,24619,16471],"class_list":["post-777038927","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casino-news","category-east-asia-news","tag-casino","tag-finance","tag-kangwon-land"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038927","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=777038927"}],"version-history":[{"count":4,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038927\/revisions"}],"predecessor-version":[{"id":777038949,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777038927\/revisions\/777038949"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/777038932"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777038927"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777038927"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777038927"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}