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Kangwon Land

#3992

Rank

$2.44B

Marketcap

South Korea

Country

Kangwon Land
Leadership team

Mr. Seung-Heui Hahm (Chief Exec. Officer, Pres and Exec. Director)

Ms. Hyekyung Baek (Chief Information Officer)

In-Hwa Song (Head of Investor Relations)

Products/ Services
Customer Service, Hospitality, Hotel, Resorts
Number of Employees
1,000 - 20,000
Headquarters
Sabuk, Kangwon-do, South Korea
Established
1998
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
035250.KS
Social Media
Overview
Location
Summary
Kangwon Land, Inc. engages in the casino, tourist hotel, and ski resorts businesses in South Korea. Its business also covers condominium, golf course, and a water park. The company operates the Kangwon Land Casino with 200 game tables, 1,360 slot machines, and video games. It also operates the Kangwonland Hotel, Convention Hotel, High1 Hotel, Mountain Condominium, Valley Condominium, and Hill Condo; High1 Ski Resort; High1 CC public golf course; and a gambling addiction care center, as well as High1 sports teams. Kangwon Land, Inc. was founded in 1998 and is based in Jeongseon, South Korea.
History

Kangwon province where Kangwon Land is located was well known as a coal mining area. It once experienced a “coal rush” when coal was used as a major national energy source during the 1970s to 1980s. The Kangwon province had experienced devastating economic downturns since coal was replaced by gas and oil in the 90s. The Korean government tried to introduce several alternatives to revitalize the local economy, but the community repeatedly and vigorously requested a domestic casino, and it became authorized in December 1995.In October 2000, when Kangwon Land first opened to Korean citizens as well as to international tourists, it had one hotel with 199 rooms and a casino that had only 30 table games and 480 slot machines.

Kangwon Land operates two hotels with 674 rooms, two condominiums with 403 rooms, an 18-hole golf course, a ski resort with 18 slopes, and a casino with 132 table games and 960 slot machines on 2,800 acres of land. The effort to diversify sales continues today, as Kangwon Land is constructing a new convention hotel and 2 more condominiums. A new water park is scheduled to open in 2015 to complete the family-oriented year round comprehensive resort.

Kangwon Land offers scholarship to students in abandoned mine areas and also spends 2 billion won each year to treat pneumoconiosis patients and support their livelihood.

Mission
Kangwon Land's mission is to bring economic prosperity to the province of Kangwon by offering its guests an extraordinary casino experience that is safe, entertaining, and satisfying.
Vision
Kangwon Land's vision is to become the premier establishment for gaming entertainment in South Korea and the rest of Asia.
Key Team

Mr. Kyung Chung Kim (Exec. VP and Exec. Director)

Mr. Chall-Kyoung Sung (Sr. Exec. Director of Strategic Planning Division)

Mr. Jongseol Hong (Sr. Exec. Director of Casino Bus. Division)

Mr. Su-Yong Yang (Sr. Exec. Director of Resort Bus. Division)

Recognition and Awards
Kangwon Land has won numerous awards over the years, including the Best Overall Winner at the Global Gaming Awards in 2017 and the Best Corporate Social Responsibility Program of the Year at the 2018 Global Gaming Awards.
References
Kangwon Land
Leadership team

Mr. Seung-Heui Hahm (Chief Exec. Officer, Pres and Exec. Director)

Ms. Hyekyung Baek (Chief Information Officer)

In-Hwa Song (Head of Investor Relations)

Products/ Services
Customer Service, Hospitality, Hotel, Resorts
Number of Employees
1,000 - 20,000
Headquarters
Sabuk, Kangwon-do, South Korea
Established
1998
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
035250.KS
Social Media