{"id":13462,"date":"2025-08-27T13:34:05","date_gmt":"2025-08-27T13:34:05","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=13462"},"modified":"2025-08-27T13:34:06","modified_gmt":"2025-08-27T13:34:06","slug":"south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir\/","title":{"rendered":"South Korean industry leaders head to Osaka to assess threat from MGM Osaka IR"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Osaka \/ Seoul \u2013 August 27, 2025.<\/strong> The <strong>Korea Casino Tourism Association<\/strong> and the <strong>Korea Tourism Society<\/strong> are convening a two-day forum in Osaka this week to weigh the economic impact of Japan\u2019s US$9 billion MGM Osaka integrated resort on South Korea\u2019s casino and tourism sectors. The meeting brings together around <strong>50 officials, academics, and industry experts<\/strong>, including representatives from <strong>Kangwon Land<\/strong>, the country\u2019s sole casino operator open to locals.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg\" alt=\"\" class=\"wp-image-9622\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg 700w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-300x300.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-150x150.jpg 150w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">South Korean analysts warn that MGM Osaka\u2014slated to open around 2030\u2014is expected to attract up to <strong>7.6 million Korean visitors annually<\/strong>, potentially diverting <strong>KRW 2.6 trillion (~US$1.9 billion)<\/strong> in domestic casino spending abroad.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"610\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir2-1024x610.jpg\" alt=\"\" class=\"wp-image-13465\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir2-1024x610.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir2-300x179.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir2-768x458.jpg 768w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir2.jpg 1300w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">In response to the mounting regional competition, Kangwon Land has rolled out its own strategic expansion: the <strong>K\u2011HIT Project 1.0<\/strong>. This KRW 2.5 trillion (~US$1.8 billion) plan aims to triple its casino floor space to 49,500\u202fsqm by 2032 and boost non-gaming revenues from 13\u202fpercent to 30\u202fpercent by diversifying into wellness, sports, and leisure offerings.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"740\" height=\"493\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir3.jpg\" alt=\"\" class=\"wp-image-13464\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir3.jpg 740w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2025\/08\/south-korean-industry-leaders-head-to-osaka-to-assess-threat-from-mgm-osaka-ir3-300x200.jpg 300w\" sizes=\"auto, (max-width: 740px) 100vw, 740px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">During the forum, <strong>Choi Cheol\u2011gyu<\/strong>, Acting CEO of Kangwon Land, described the moment as \u201ca pivotal test\u201d for the country\u2019s casino and tourism industry, stressing the importance of innovation to strengthen Korea\u2019s competitive edge on the global IR stage. The forum comes amid regional pressure as integrated resorts emerge across Asia\u2014from Singapore and the Philippines to Vietnam\u2014challenging South Korea to keep pace with high-end tourism offerings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korean analysts warn that MGM Osaka\u2014slated to open around 2030\u2014is expected to attract up to 7.6 million Korean visitors annually, potentially diverting KRW 2.6 trillion (~US$1.9 billion) in domestic casino spending abroad. <\/p>\n","protected":false},"author":1,"featured_media":13466,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[],"tags":[2323,57,2316,2350],"class_list":["post-13462","asia","type-asia","status-publish","format-standard","has-post-thumbnail","tag-asia","tag-casinos","tag-japan","tag-korea","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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