Kangwon Land CEO Choi Heung-jip<\/a> hired 95 percent of the resort’s 493-person staff based on requests of politicians and other well-connected persons. That led to dozens of less-qualified workers being handed jobs over more experienced individuals.<\/p>\nThe scandal attracted national media attention, as Kangwon Land is a taxpayer-funded and owned facility. While the government-owned casino has generated controversy, South Korea remains committed to expanding its foreigner-only integrated casino resort market.<\/p>\n
Last April, Incheon Airport’s $1.12 billion Paradise City was the first commercial property to open. However, an ongoing Chinese travel ban in response to North and South Korea’s escalating political tensions has led to disappointing first-year gaming revenues.<\/p>\n
The political standoff has seemingly eased, at least for the month ahead, as North Korea has agreed to participate in the Winter Olympics at the request of South Korean President Moon Jae-in.<\/p>\n","protected":false},"excerpt":{"rendered":"
South Korea casino resort Kangwon Land hopes to benefit from the Winter Olympics being held in nearby PyeongChang later this month. The international sporting spectacle officially begins next Friday, February 9, with the opening ceremonies. Following the conclusion of the Winter Games more than two weeks later on February 25, Kangwon Land will prepare for […]<\/p>\n","protected":false},"author":42,"featured_media":68833,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,18,61,16],"tags":[],"acf":[],"yoast_head":"\n
South Korea Casino Kangwon Land to Reduce Hours After Olympics<\/title>\n\n\n\n\n\n\n\n\n\n\n\n\n\t\n\t\n\t\n\n\n\n\n\n\t\n\t\n\t\n