Kangwon Land Expected to Benefit From PyeongChang 2018 Olympiad
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Kangwon Land Expected to Benefit From PyeongChang 2018 Olympiad
Expectations rising that Kangwon Land will see better-than-expected results thanks mostly to opening of the 2018 PyeongChang Olympiad and the Water Park

29(Mon), Jan, 2018

High 1 Ski Resort flooded with skiers.

President Moon Tae-gon of Kangwon Land.

Kangwon Land is expected to become one of the biggest beneficiaries of the PyeongChang 2018 Olympic and Paralympic Winter Games, scheduled to start Feb. 9. Kangwon Land operates such businesses as Kangwon Land Casino, the only casino in Korea that grants admissions to both Koreans and foreign visitors, High1 Ski Resort and High 1 Country Club.

Kangwon Land Casino and High1 Ski Resort are expected to draw throngs of foreign and Korean visitors before and during the Olympic period. In particular, High1 is expected to draw lots of skiers as the resort is located near the Jungbong Alpine skiing facility in Jeongseon, one of the PyeongChang Olympic sports venues. 

Stock analysts said high expectations for Kangwon Land are only rising thanks mostly to favorable business conditions, including the opening of the PyeongChang Olympiad and the new Water Park. 

Kangwon Land Casino boasts 200 game tables and 1,360 slot machines and video games, making it the largest casino in Korea. It is also the only casino in the country that grants admissions to both Koreans and foreign visitors. Kangwon Land Casino’s grand and sophisticated interior, respectful dealers, free tea and drinks, buffet and VIP Lounge offer comfort and convenience for visitors, allowing them to enjoy games and culture in style.

High1 Ski Resort officially opened on Nov. 25, 2017, 81 days prior to the launch of the Olympiad. In reality, the ski resort had a temporary opening for two slopes out of 18 since Nov. 18.

In-House Innovation

New Kangwon Land President Moon Tae-gon said, “The first task is to turn around a poor standing through in-house innovation.” President Moon took office at the Kangwon Land Convention Center on Dec. 22. His remarks may be interpreted as his determination to reinvent Kangwon Land’s image, which has been tarnished due to malpractice related to employment. 

President Moon came up with a plan to realize two tasks: rising to a global multi-purpose resort and restoring the economy of the former mining area. 

Moon, a native of Milyang, Gyeongsangnam-do, passed the 24th higher administration examination. He held such positions as a presidential secretary in charge of discipline of public office holders and the head of the planning office of the Board of Audit and Inspection (BAI) and 2nd secretary general of the BAI.  

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