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S. Korean Casinos Log Big Losses in 2020 on Pandemic Fallout

SEOUL, April 5 (Korea Bizwire) — Casino operators in South Korea chalked up huge losses in 2020 as the coronavirus pandemic sent the number of visitors plunging, data showed Monday. State-run casino operator Kangwon Land Inc. registered an operating loss of 431.6 billion won (US$382 million) last year, a sharp turnaround from an operating profit [...]

Korea to Offer More Incentives to Foreign Investors at Saemangeum Complex

SEOUL, April 8 (Korea Bizwire) – To facilitate foreign investment in its Saemangeum project, the Korean government plans to ease related regulations concerning employment and usage of the land. On April 7, the Ministry of Land, Infrastructure and Transport and the Saemangeum Development Agency announced that a revised bill containing these changes had been approved. The [...]