"Slot Machine Manufacturing Business as Gangwon Land's Future Growth Engine"

CEO Lee Sam-geol Emphasizes at New Year Meeting
"17 Billion KRW Sales Target for Asia Market"
"Strengthening Competitiveness in Resort Sector"

"The slot machine manufacturing business is planned to be intensively developed as a future growth engine for Kangwon Land."

Lee Sam-geol, CEO of Kangwon Land, emphasized this at the New Year's press conference on the 16th, saying, "(Slot machine manufacturing) is a business with many advantages such as fostering related domestic SMEs, creating local employment, and earning foreign currency."

Lee Sam-geol, CEO of Kangwon Land

He also mentioned the recent contract to supply slot machines to a casino in the Philippines, adding, "Our goal is to expand slot machine sales targeting the Asian market and generate sales of 1.7 billion KRW."

Kangwon Land recently signed a sales contract with RGB, the largest slot machine distributor in Southeast Asia, and agreed to supply 30 slot machines to a casino in the Philippines through this company. This is the first overseas sale since starting the slot machine manufacturing business in February 2017. The contracted slot machines will be manufactured in Taebaek, Gangwon, and shipped to the Philippines by April.

Domestically, Kangwon Land supplied 260 self-manufactured slot machines to its casino, achieving cost savings amounting to 8.2 billion KRW. Additionally, it supplied slot machines to other casinos such as 6 units to Daegu Golden Crown Casino and 13 units to Grand Korea Leisure (GKL), generating profits.

They are also expecting results in the resort business. CEO Lee set a goal to raise the off-season occupancy rate to an average of 60%, narrowing the gap with the peak season. They are accelerating the development of new revenue businesses to strengthen competitiveness in the resort sector. Notably, last year, they established the High1 Pet Club, a facility allowing pets, which recorded sales of around 400 million KRW.

They also achieved sales of around 2.1 billion KRW through the development of private brand (PB) products. Last year, they launched meal kits, secured distribution channels both online and offline, and sold existing PB products such as '1340 Wine' externally, showing tangible results.

CEO Lee said, "We aim to achieve sales of around 3.1 billion KRW by expanding distribution channels," adding, "We plan to expand the business to increase the number of regularly sold products to 100 by 2027."

This content was produced with the assistance of AI translation services.