
Residents of the Gangwon coal industry transition area urged the government to abolish Kangwon Land's sales cap system and provide special regulations in preparation for the opening of the Osaka casino in 2030, and expressed concern that Kangwon Land would suffer an irreparable blow if regulations were not eased.
AI-generated summary
Residents of the Gangwon coal industry transition area are urging the government to abolish the sales cap system and provide special regulations for the survival of Kangwon Land. Competition in the Asian casino market is expected to intensify with the opening of a casino in Osaka, Japan in 2030.
As competition in the Asian casino market intensifies, including the opening of a casino in Osaka, Japan in 2030, residents of the Gangwon coal industry conversion area (abandoned mine site) have argued that various regulations should be abolished for Gangwon Land's survival.
The Gohan, Sabuk, Nammyeon, and Shindong Regional Revitalization Joint Promotion Committee issued a statement on the 9th, saying, “In an era of global competition, the sales cap system that shackles only domestic companies is tantamount to self-harm,” and urged, “The anachronistic sales cap system must be immediately abolished or significantly increased.”
The Public Safety and Security Commission pointed out, “Restrictions on the number of days of entry and various business regulations are already standards of the past,” and “We must face the reality that people are diverted by uncontrollable online gambling and overseas ledger gambling.”
He continued, “The surest way to prevent massive losses to the national treasury flowing into the illegal gambling market and protect the people’s property is to increase the competitiveness of legal casinos to absorb domestic demand.”
The Public Policy Committee also pointed out, “The multiple layers of regulations wielded by each ministry, including the Ministry of Strategy and Finance, the Ministry of Culture, Sports and Tourism, the Ministry of Trade, Industry and Energy, and the Gambling Industry Integrated Supervision Committee, each with their own standards, are always holding back the leap forward into integrated resorts and investment in new businesses.”
He said, "The government should immediately stop selfishness and unnecessary interference between ministries and provide full support and regulatory special treatment so that Kangwon Land can leap forward into a global base with annual sales of 5 trillion won through bold preemptive investment."
The public cold committee expressed concern, saying, "By 2030, when the Osaka Casino opens, the leadership in Asian tourism and casinos will have completely passed over, and Kangwon Land will inevitably suffer an irreparable blow. If we ignore change by hiding behind the barbed wire of old regulations, we will be making a huge mistake that will not only lead to the fall of Kangwon Land but also turn off the growth engine of the coal industry transition area."
AI outlook — possibilities, not facts
There is a possibility that the government will consider easing regulations on Kangwon Land or adjusting the sales cap system.
Possible · Within months
![[Featured stock] Samyang Foods, net profit decreases due to the strong won… Closed 5.5% down (comprehensive)](/api/img?u=https%3A%2F%2Fimg.yna.co.kr%2Fphoto%2Fcms%2F2023%2F07%2F21%2F91%2FPCM20230721000091003_P2.jpg&w=320&q=72&f=webp)
Samyang Foods stock price closed at 1.152 million won on the 9th, down 5.57%. The fact that net profit for the third quarter was announced at KRW 89.2 billion, down 18.9% from the same period last year, served as a factor in the stock price decline. Foreign currency asset valuation losses due to the strong won had an impact, and operating profit increased by 49.9% to KRW 196.2 billion and sales increased by 25.3% to KRW 791.8 billion.

South Korea's labor ministry found 92 safety and labor standard violations at food service company Ourhome Co. after inspecting nine plants nationwide, following the deaths of two workers caught in machines at a Yongin plant in April 2025 and June 2026. The ministry plans to send 13 cases to prosecution, fine the company 86.3 million won, and order corrective action for 42 incidents.

Great Sangsang, the operator of delivery app Yogiyo, has appointed CMO Hye-jeong Kim as its new CEO. CEO Kim will take on the role of co-CEO with CEO Cho Hyung-kwon from the 10th, becoming the first female CEO in the delivery industry. The task is to secure Yogiyo’s differentiated competitiveness and expand its market presence.

Kim Dong-seon, president of Hanwha Machinery & Service Holdings and youngest son of Hanwha Group Chair Kim Seung-youn, will launch a second tender offer for about 3.38 million shares worth approximately 27 billion won ($20 million) at 8,000 won per share from Monday through November 30, citing the need to protect minority shareholders following a stock price decline after the U.S. midterm elections.

South Korea sent its first shipment of fresh sweet persimmons to China on Friday, opening a new market after 17 years of plant quarantine negotiations. The 19.6 metric ton shipment departed Busan for Shanghai, with promotions planned in Shanghai, Beijing, and Shenzhen through year-end.

Globit, a Jeju-based smart aquaculture technology company, signed a three-party agreement with the Indonesian government and the Korea-Indonesia Global Leader Talent Development Support Center. A smart aquaculture practice center and control center will be built on the Jakarta Fisheries College campus, and marine and fisheries talent training and technology dissemination will be carried out for five years.