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Travel & Leisure Korean hotels bask in rising foreign visitors; travel agencies in trouble

Hotels in South Korea are booming thanks to a surge in foreign visitors on a weaker won currency, while domestic travel agencies are suffering from ...

Travel & Leisure S.Korea’s foreigners-only casinos bask in return of Chinese high rollers

South Korea’s foreigners-only casinos are witnessing a significant rise in their sales revenue with the return of high rollers from China and ...

Korean food S.Korea’s premium kimchi war escalated by luxury hotels

Kimchi, Koreans’ staple food throughout millennia, has become a new, lucrative revenue source for the country’s luxury hotel chain opera...

Travel & Leisure Paradise opens VIP-only casino at Walkerhill Hotel

Paradise Co., a South Korean casino operator, unveiled a new VIP section at its Walkerhill Hotel casino, aiming to capitalize on its recent performa...

Travel & Leisure S. Korea’s foreigner-only casinos suffer poor profit

Foreigner-only casino operators in South Korea reported weaker-than-expected operating profit in the second quarter as prolific gamblers traveling f...

Travel & Leisure Jeju casinos, hotels bask in return of Chinese tourists; luxury shops fall

Following the pandemic, hotels and casinos are enjoying a renewed tourist boom with Chinese tourists returning to South Korea, particularly its top ...

Travel & Leisure Lotte Tour's Jeju Island casino triples revenue

Jeju Dream Tower Casino, located on South Korea's top tourist island of Jeju and run by Lotte Tour Development Co., surpassed $6 million in cumula...

Travel & Leisure Kangwon Land aims to revive casino business with $1.9 billion in spending

Kangwon Land Inc., the operator of South Korea’s only casino open to locals, has long been struggling with declining visitors.Located in a rem...

Travel & Leisure Mohegan fuels casino, resort market rivalry in Korea

Mohegan Inspire Entertainment Resort on Yeongjong Island, near South Korea’s gateway Incheon International Airport, is attracting throngs of v...

Travel & Leisure Mohegan gains Korea’s 1st foreign casino license in 19 years

Mohegan Gaming & Entertainment (MGE) will open a foreigners-only casino at its resort complex in Incheon, South Korea in the first quarter after...

Travel & Leisure Lotte mulls Lotte World Tower spruce-up to rival Azabudai Hills Tower

Lotte Group is considering sprucing up the Lotte World Tower in Seoul, the tallest building in South Korea, to maintain its position as a landmark s...

Travel & Leisure Lotte Tour's Jeju Island casino hits record revenue in July

South Korea’s Lotte Tour Development's Jeju-based casino saw record revenue in July thanks to an increased number of foreign tourists to the c...

Travel & Leisure S.Korea's Jeju Dream Tower Casino exceeds $7.6 mn in net monthly sales

Jeju Dream Tower Casino, located on South Korea's top tourist island of Jeju and run by Lotte Tour Development Co., broke the 10 billion won ($7.6 m...

Travel & Leisure Hopeful signs for full comeback of Korean resort operator Paradise

Paradise Co., a major South Korean resort and casino operator, is taking big steps towards a full comeback this year from the pandemic shock, with a...

Tech, Media & Telecom Foreigners can enter S.Korean casino without physical passport

Visitors to South Korea will be able to enjoy tax-free shopping and casino experiences with ease, thanks to the mobile passport identity verificatio...

Entertainment Hanwha Hotels&Resorts signs MOU with Mohegan Inspire

Hanwha Hotels & Resorts Co. announced on Tuesday that it signed with Mohegan Inspire Entertainment Resort a memorandum of understanding (MOU) fo...

Korean stock market Leisure, airline stocks to shine as Japan sets to ease travel curbs

South Korea’s travel and airline stocks are expected to shine as Japan plans to ease its border controls in June. Korea’s Shinhan Inve...

Blockchain WeMade buys $100 mn stake in social casino game developer

WeMade Co., a pioneer in South Korea's play-to-earn (P2E) game industry, has agreed to buy a controlling stake in smaller rival SundayToz Corp., bet...

IPOs Social casino game maker DoubleDown Interactive resumes US IPO process

DoubleDown Interactive LLC, a subsidiary of DoubleUGames Co., has resumed the process to go public on Nasdaq after more than a year has passed from ...

Mergers & Acquisitions Netmarble bets $2.2 bn on global social casino game market

South Korean game developer Netmarble Corp. decided to buy the world’s No. 3 social casino game publisher SpinX Games for $2.2 billion, bettin...

Korean stock market It’s time to buy casino stocks, analysts say

The South Korean government’s plan to vaccinate 36 million people, or about 70% of its population, by the third quarter of 2021 is heating up ...

IPOs Korean casino game developer revives Nasdaq IPO plan

DoubleDown Interactive LLC, a South Korean social casino game publisher, has resumed its Nasdaq listing process, tapping the red-hot US IPO market w...