"It's about the future, not about how much money we make each quarter," Lee said in an interview with The Korea Times at the company's headquarters in Jeongseon, Gangwon Province, July 28. Almost 90 percent of its revenue is generated by casino operations. It has since built a resort with a golf course, hotel rooms, a water park and ski slopes. Kangwon Land opened in 1998 as a casino to revitalize the local economy following the closures of mines ― the region's key growth driver. "The healthy, long-term survival of the state-run entity will be on the line unless we prepare new business models that can overhaul the dominant negative public perception about the province, which is blessed with the gift of nature and warm-hearted people," the former vice minister of the interior ministry added. Kangwon Land will continue efforts to transform itself into a multi-purpose, high-end vacation resort that can accommodate people of all ages with different leisure interests in all seasons, an initiative under the CEO Lee Sam-kul, whose growth vision prioritizes sustainability of the state-run casino operator, long criticized for promoting gambling. Courtesy of Kangwon LandĮx-vice interior minister and CEO outlines growth vision beyond casino operations A bird's-eye view of Kangwon Land in Jeongseon, Gangwon Province.
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