SEOUL, July. 1 (Korea Bizwire) — Casino and resort operator Kangwon Land is set to go forward with a nursing home project after agreeing to join local efforts to transform abandoned mining areas into the country’s dementia research and care capital. Kangwon Land’s decision to build a new dementia care facility comes after a special [...]
JEONGSEON, South Korea, April 14 (Korea Bizwire) – The number of voluntary bans to the Kangwon Land Casino – the only gambling venue that grants access to locals – is on a rapid rise. As part of the casino’s initiatives to curb gambling addiction, players can request a three-year ban. They can make up to [...]
SEOUL, Sept. 30 (Korea Bizwire) – Gangwon Province’s Kangwon Land entertainment resort houses the only casino in Korea open to locals. The resort was established as part of a government plan to revitalize the dwindling economy in what was once a coal-mining area, following the restructuring of the coal industry in 1989. The casino opened [...]
YEONGWOL, South Korea, Sept. 2 (Korea Bizwire) – With the Korean government’s strict regulations on gambling, the Kangwon Land Casino is currently the only gambling establishment open to locals, but this may change with new progress in the Saemangeum development project. The project took off in 1991 as a 30-year plan to develop the region [...]
SEOUL, July 26 (Korea Bizwire) – South Korea’s state auditor said Tuesday the government should roll out tighter plans to prevent gambling addiction, adding that a large number of addicts are being observed at Kangwon Land Casino, the nation’s only casino open to locals, owned by High1 Resort. According to the study conducted by the [...]
SEOUL, July 15 (Korea Bizwire) – “This is a city that was built on our sacrifices, and we won’t let poverty become the legacy for our children,” cried 53-year-old Bae Jeong-deok, reading a letter to the South Korean president during a protest held in Taebaek on Thursday. Taebaek is a city in Gangwon Province on [...]
SEOUL, June 16 (Korea Bizwire) – An abandoned mine area in Gangwon Province is hoping to return to its previous glory, this time as a sanctuary for endangered animals. On Wednesday June 14, the Wonju Regional Environmental Office released Parnassius bremeri butterflies, Manchurian trout, and Chinese minnows across the High1 Resort area with the help of [...]
JEONGSEON, May 10 (Korea Bizwire) – While coal mining boomed in Korea in the 1970s, with the decline in international oil prices and rapid changes in energy consumption patterns, demand decreased drastically. In the 1980s, the coal mining industry was quickly fading away. The Korean government started restructuring the coal industry in 1989. As a [...]
SEOUL, June 2 (Korea Bizwire) — “Sin stocks” of tobacco, alcohol and gambling companies have gained this year on the back of deep-pocketed Chinese tourists and low interest rates, data showed Tuesday. Thirty-six sin stocks related to tobacco, alcohol, gambling rose an average of 23.9 percent as of June 1 compared to the beginning of [...]