Kangwon Land reports 12.7 percent gain in profitability for 2019

Kangwon Land
Kangwon Land

Kangwon Land, the casino and resort company based in Gangwon Province that uniquely allows locals to gamble, reported a full-year profit in 2019 up 12.7 percent.

With sales at KRW1.52 trillion (about US$1.28 billion), which was up 5.7 percent year-on-year, combined with lower costs, net profits for the year came in at KRW335 billion (about US$281 million).

The firm does not offer explanations to accompany the release of financial numbers.

Kangwon Land opened in 2000 as an effort to revitalize a former coal mining community.