SectorWire
SearchRegister
MenuClose

Kangwon Land outlines K-HIT resort plan amid competition from Japan

Business

Kangwon Land has announced the K-HIT Project, a multi-phase plan to develop High1 Resort by 2032, as South Korean casino stakeholders discuss competition from Japan’s planned Osaka integrated resort. Acting chief executive Choi Cheol-gyu described the project as part of efforts to strengthen Korea’s position, while forum participants called for changes to casino regulation.

The proposed resort development and calls for regulatory reform could shape South Korea’s casino and tourism strategy.

End-of-day close Kangwon Land (035250), KRW, to 23 December 2025
Story date24 September 202523 December 2025

Latest reported results

Kangwon Land KRX: 035250

Quarter ended 30 June 2026

Revenue
KRW 345.55bn

Request a correction

Flag an issue

Keep reading

Business

KB Securities cuts Grand Korea Leisure target price to KRW10,000

KB Securities lowered its target price for Grand Korea Leisure shares from KRW13,000 to KRW10,000, citing uncertainty over investment and costs after the company renewed its Gangnam COEX casino lease for 10 years. Analyst Choi Yong-hyun called for capital spending to support longer-term growth ahead of MGM Osaka’s scheduled 2030 opening.

Continue reading