{"id":19922,"date":"2026-11-10T08:30:00","date_gmt":"2026-11-10T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=19922"},"modified":"2026-11-10T03:53:29","modified_gmt":"2026-11-10T08:53:29","slug":"south-korea-casinos-drive-multimillion-dollar-investments","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-casinos-drive-multimillion-dollar-investments\/","title":{"rendered":"South Korea: Casinos drive multimillion-dollar investments"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>Seoul, South Korea, November 9, 2026.<\/strong> South Korea\u2019s gaming industry is attracting new hotel investments and expansion projects while facing financial pressures. <strong>Paradise Co.<\/strong> confirmed its interest in acquiring <strong>Maison Glad Jeju<\/strong>, a hotel historically valued at <strong>KRW605 billion (US$405 million)<\/strong>, while <strong>Kangwon Land<\/strong> reported a quarterly loss despite maintaining investments totaling <strong>KRW145.4 billion<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"500\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg\" alt=\"\" class=\"wp-image-16352\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg 600w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE-300x250.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">On <strong>November 9<\/strong>, Paradise disclosed through <strong>DART<\/strong>, the regulatory disclosure system supervised by the <strong>Financial Supervisory Service (FSS)<\/strong>, that it is considering participating in the acquisition of the approximately <strong>513-room hotel<\/strong> in <strong>Jeju City<\/strong>, without a final purchase price or approved agreement.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The negotiations involve assets owned by <strong>DL Group<\/strong> and previous discussions with <strong>Koramco Asset Management<\/strong>. The company, chaired by <strong>Choi Jong-hwan<\/strong>, with <strong>Lim Jun-shin<\/strong> as Co-CEO and <strong>Lee Chan-yul<\/strong> as Chief Financial Officer, expects to update its position on <strong>December 8<\/strong>.&nbsp;<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"921\" height=\"533\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-112.png\" alt=\"\" class=\"wp-image-19925\" style=\"aspect-ratio:1.7272727272727273\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-112.png 921w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-112-300x174.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-112-767x444.png 767w\" sizes=\"auto, (max-width: 921px) 100vw, 921px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Paradise operates foreigner-only casinos in <strong>Jeju, Seoul, Busan, and Incheon<\/strong>. In October, it recorded <strong>KRW82.123 billion in casino sales (+12.8%)<\/strong>, bringing its January\u2013October total to <strong>KRW826.03 billion (+10.9%)<\/strong>. In January, the company completed another hotel acquisition in Incheon for <strong>KRW210 billion<\/strong>, adding <strong>501 rooms<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"885\" height=\"480\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-111.png\" alt=\"\" class=\"wp-image-19924\" style=\"aspect-ratio:1.840625\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-111.png 885w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-111-300x163.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-111-767x416.png 767w\" sizes=\"auto, (max-width: 885px) 100vw, 885px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Meanwhile, <strong>Kangwon Land<\/strong>, led since <strong>September 2<\/strong> by President and CEO <strong>Kim Do-gyun<\/strong>, reported a quarterly net loss of <strong>KRW3.631 billion<\/strong> on <strong>November 6<\/strong>, compared with a <strong>KRW113.07 billion profit<\/strong> in 2025, affected by bond valuation losses. Consolidated revenue declined <strong>3.8% to KRW369.454 billion<\/strong>, while operating profit fell <strong>17.9% to KRW59.666 billion<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"842\" height=\"520\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-113.png\" alt=\"\" class=\"wp-image-19928\" style=\"aspect-ratio:1.6181318681318682\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-113.png 842w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-113-300x185.png 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-113-768x474.png 768w\" sizes=\"auto, (max-width: 842px) 100vw, 842px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"> <em>Chae Hwi-young<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>High1 Resort<\/strong> casino in <strong>Jeongseon, Gangwon<\/strong>, generated <strong>KRW359.4 billion in gross gaming revenue (GGR), down 2.5%<\/strong>, with <strong>640,039 visitors<\/strong>. The mass-market segment contributed <strong>KRW294.9 billion<\/strong>, compared with <strong>KRW64.5 billion from VIP gaming (+9.6%)<\/strong>.<\/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\">The company, whose Executive Vice President is <strong>Yu Jeong-bae<\/strong>, has invested <strong>KRW110.1 billion<\/strong> of its annual budget. It is renovating <strong>757 rooms<\/strong>, including <strong>477 Grand Hotel rooms<\/strong> and <strong>280 condominium units<\/strong>, with completion scheduled for <strong>2028 and 2027<\/strong>, respectively. The <strong>Ministry of Culture, Sports and Tourism<\/strong>, headed by <strong>Chae Hwi-young<\/strong>, reported <strong>17.11 million international visitors (+21.5%)<\/strong> through September, as both companies pursue strategies to capture tourism demand.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Seoul, South Korea, November 9, 2026. South Korea\u2019s gaming industry is attracting new hotel investments and expansion projects while facing financial pressures. Paradise Co. confirmed its interest in acquiring Maison Glad Jeju, a hotel historically valued at KRW605 billion (US$405 million), while Kangwon Land reported a quarterly loss despite maintaining investments totaling KRW145.4 billion.<\/p>\n","protected":false},"author":1,"featured_media":19923,"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":[1],"tags":[2323,57,15,5018,254,2396,2450],"class_list":["post-19922","asia","type-asia","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-asia","tag-casinos","tag-gambling","tag-jeju","tag-slot-machines","tag-south-korea","tag-tourism","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea: Casinos drive multimillion-dollar investments - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"Seoul, South Korea, November 9, 2026. South Korea\u2019s gaming industry is attracting new hotel investments and expansion projects while facing financial pressures. Paradise Co. confirmed its interest in acquiring Maison Glad Jeju, a hotel historically valued at KRW605 billion (US$405 million), while Kangwon Land reported a quarterly loss despite maintaining investments totaling KRW145.4 billion.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-casinos-drive-multimillion-dollar-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea: Casinos drive multimillion-dollar investments - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"Seoul, South Korea, November 9, 2026. South Korea\u2019s gaming industry is attracting new hotel investments and expansion projects while facing financial pressures. Paradise Co. confirmed its interest in acquiring Maison Glad Jeju, a hotel historically valued at KRW605 billion (US$405 million), while Kangwon Land reported a quarterly loss despite maintaining investments totaling KRW145.4 billion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-casinos-drive-multimillion-dollar-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-110.png\" \/>\n\t<meta property=\"og:image:width\" content=\"883\" \/>\n\t<meta property=\"og:image:height\" content=\"541\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-casinos-drive-multimillion-dollar-investments\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-casinos-drive-multimillion-dollar-investments\/\",\"name\":\"South Korea: Casinos drive multimillion-dollar investments - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-casinos-drive-multimillion-dollar-investments\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-casinos-drive-multimillion-dollar-investments\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/11\/image-110.png\",\"datePublished\":\"2026-11-10T13:30:00+00:00\",\"description\":\"Seoul, South Korea, November 9, 2026. 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