Kangwon Land Holds 27th Anniversary Event... "Journey to Prepare for the Next 100 Years Begins"

A Pledge with All Employees to Become a Leading Global Integrated Resort
222nd Board Meeting Held
Approval of Mid- to Long-Term Financial Management Plan and More

Kangwon Land announced on June 23 that it held a commemorative event at the High1 Grand Hotel to mark its 27th anniversary.

At the 27th anniversary event of Kangwon Land, employees including Choi Cheolgyu, Acting CEO (fifth from the left in the front row), are posing for a commemorative photo. Provided by Kangwon Land

The event began with the viewing of a commemorative video featuring the history of Kangwon Land and interviews with employees. During the ceremony, awards such as commendations and model employee prizes were presented to 16 employees who are about to retire.

Choi Cheolgyu, Acting CEO of Kangwon Land, said, "This year, the comprehensive master plan for the 'K-HIT Project' has entered the full-fledged implementation stage, marking the beginning of our journey to prepare for Kangwon Land's next 100 years." He encouraged employees, saying, "Please do your utmost to implement the master plan step by step and to attract more foreign tourists in order to strengthen our competitiveness in the global integrated resort market."

Choi also emphasized, "Always keep in mind our founding mission of revitalizing the economy in former mining regions, and ensure that 'coexistence with the local community' becomes an established part of our organizational culture by consistently pursuing mutual growth with the region."

Meanwhile, on the same day, Kangwon Land held its 222nd board meeting and passed three agenda items. First, the company approved the mid- to long-term financial management plan for 2025 to 2029, and clarified its direction to enhance financial soundness and improve long-term investment efficiency, including the K-HIT (High1 Integrated Tourism) Project 1.0.

The financial management plan focuses on expanding growth engines to strengthen global competitiveness, such as the development of a second casino and a wellness integrated resort, as well as new investment directions to revitalize the economy in former mining areas. It also includes a diagnosis of the current financial status, management goals, and other matters related to Kangwon Land's financial management over the next five years.

Additionally, the board approved a revision to the operating regulations to activate the ESG Committee, the company's top decision-making body for ESG (Environmental, Social, and Governance) management. Furthermore, several amendments related to the labor-management council were passed, with a primary focus on improving childcare support systems, such as the period for reduced working hours during childcare leave.

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