SEOUL, Aug. 18 (Korea Bizwire) — Won Hee-ryong, governor of Jeju Special Self-Governing Province, reaffirmed his stance of not allowing the new casino construction plan, embarrassing the ruling party and the administration trying their best to revive the flagging economy by relaxing decades-old regulations and inviting foreign investment. Governor Won, former congressman with the New Frontier [...]
![[China Report] Korea Eyes Chinese Tourists with Deep Pockets Visiting Incheon](http://koreabizwire.com/wp/wp-content/uploads/2014/03/2875827736_2224e426c6_b-800x533.jpg "[China Report] Korea Eyes Chinese Tourists with Deep Pockets Visiting Incheon")
SEOUL, Korea, Mar 20 (Korea Bizwire) – By 2018, an entertainment complex with a casino in it will be open on Yeongjong Island, which is located about 50 kilometers west of Seoul. This will be the centerpiece of Korea’s effort to attract the “youke” (Chinese tourists) based on geographical proximity. On March 18, the Ministry [...]
LAS VEGAS, Mar. 17 (Korea Bizwire) – Caesars Entertainment Corporation (NASDAQ: CZR) today announced that LOCZ Korea Corporation, a joint venture between Caesars, Lippo Group and OUE Limited, has received preliminary approval from the South Korean Ministry of Culture, Sport and Tourism to include foreigner-only casino gaming in its planned integrated resort in Incheon, South Korea. “We [...]