Kangwon Land, the only casino in South Korea at which locals are permitted to gamble, has announced Nam Han-gyu as its Interim CEO following the resignation of Choi Cheol-gyu.
In a filing, Kangwon Land said Nam would assume the CEO role on an interim basis as of 5 March 2026 and until a permanent replacement can be found. Nam, it added, has since November 2024 served as Vice President of the Management Support Department.
Choi was himself appointed interim CEO in December 2023 following the departure of his predecessor, Lee Sam-Geol.
Under Choi’s watch, the company has unveiled plans for a massive US$1.9 billion expansionthat is to incorporate a renovation of existing facilities and development of new offerings, including a new luxury casino, a hotel and additional leisure facilities.
Kangwon Land also received approval last year from the Ministry of Culture, Sports and Tourism to raise the minimum bet limits on some blackjack and Texas Hold’em Poker tables and launched a “foreigner-only casino zone” aimed at enhancing its attractiveness globally by offering dedicated gaming tables and staff who can speak various foreign languages.
In 2024 the company unveiled a Value-up Plan which aims to enhance shareholder value and investment appeal via the introduction of various targets such as achieving a 60% total shareholder payout ratio, a PBR (Price-to-book ratio) of 1.2x and 100% compliance with “Key Indicators of Corporate Governance” through focused improvements in the protection of minority shareholder rights and interests.
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