Kangwon Land, Inc. Overview
Pro stress-test →Kangwon Land operates a diversified resort and entertainment business in South Korea, with core operations in casino, tourist hotels, and ski resorts, supplemented by condominium, golf course, and water park facilities. The company is South Korea's only integrated casino resort operator, positioned as a leisure and hospitality player in the consumer discretionary sector.
Strategic Profile
Pro stress-test →The company operates the Kangwon Land Casino with 200 game tables and 1,360 slot machines, alongside multiple hotel properties, High1 Ski Resort, and a public golf course. Kangwon Land maintains a vertically integrated business model that captures multiple revenue streams across gaming, lodging, dining, and recreational activities, creating a moat in the South Korean leisure market.
Competitive Landscape
Pro stress-test →Kangwon Land operates in South Korea's heavily regulated resort and gaming sector with no direct domestic casino competitors, differentiating it from international resort operators. Primary competition comes from alternative leisure activities (other hotels, ski resorts) and international gaming destinations accessible to Korean travelers, rather than domestic gaming substitutes.
Industry Context
Kangwon Land, Inc. operates in Resorts & Casinos / Leisure & Entertainment.
Key facts
Founded: 1998 · Headquarters: Jeongseon-gun, South Korea · Employees: 3,656 · Revenue: 1.43T KRW (2024) · Market cap: ~$2.7-3.6B USD (~3.6T KRW)