By SectorWire desk ·
Kangwon Land shareholders approved Kim Do-gyun as president and chief executive at an extraordinary meeting on Wednesday, citing a Korea Exchange filing. Kim previously served as a senior officer in South Korea's army.
Shareholder approval puts Kim Do-gyun in charge of Kangwon Land as president and chief executive.
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Kangwon Land’s new chief executive prioritises connecting the resort with nearby tourism attractions.
The review could affect Kangwon Land’s procedures for allowing previously barred customers to return to its casino.
Expanded cooperation gives Kangwon Land coordinated monitoring and enforcement support against increasingly sophisticated illegal gambling websites.
Investors face differing demand prospects as NH Investment & Securities expects tourism to support mass-market casinos more than VIP gaming.
Kangwon Land’s chief executive plans faster delivery of its $2.21bn resort transformation alongside regulatory reform and AI safeguards.
For operators, the case involves alleged gambling websites impersonating Kangwon Land that attracted around 40,000 Korean users.