Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity

Test case looms for Korea’s revised Commercial Act as VIP Asset challenges Lotte Rental’s rights issue to Affinity

Lotte Rental Co., South Korea’s No. 1 car rental and leasing company, is facing a backlash from a key minority shareholder over its planned ri...

Korean hotels bask in rising foreign visitors; travel agencies in trouble

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 ...

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

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 ...

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

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...

Paradise opens VIP-only casino at Walkerhill Hotel

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...

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

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...

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

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 ...

Hana Securities services S.Korean stock investment in Hong Kong

Hana Securities services S.Korean stock investment in Hong Kong

South Korea's Hana Securities announced on Tuesday that it launched a service allowing Hong Kong investors to open its accounts through Hong Kong's ...

Foreign VIP customers boost Korean department stores' sales

Foreign VIP customers boost Korean department stores' sales

Wei Liu, a 41-year-old Taiwanese businessman, snapped up 300 million won ($220,000) worth of luxury brand products at Hyundai Department Store&rsquo...

Lotte Tour's Jeju Island casino triples revenue

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...

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

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...

Mohegan fuels casino, resort market rivalry in Korea

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...

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

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...

Lotte mulls Lotte World Tower spruce-up to rival Azabudai Hills Tower

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...

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

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...

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

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...

S.Korea to seek expansion of healthcare package export

S.Korea to seek expansion of healthcare package export

South Korean government has set a goal to expand medical service exports by attracting 700,000 foreign patients and receiving 70 applications of ove...

Leeum's enduring charm to foreign VIPs

Leeum's enduring charm to foreign VIPs

On a shiny Monday morning, the Leeum, Samsung Museum of Art nestled on the slope of Mt. Namsan in a quiet Hannam neighborhood in Seoul was flanked b...

Hopeful signs for full comeback of Korean resort operator Paradise

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...

Foreigners can enter S.Korean casino without physical passport

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...

VIP Asset’s new mutual fund to forgo operating fees if it posts losses

VIP Asset’s new mutual fund to forgo operating fees if it posts losses

VIP Asset Management Co., a leading South Korean asset manager, said on Friday it is launching a new mutual fund, and its managers won’t take ...

Hanwha Hotels&Resorts signs MOU with Mohegan Inspire

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...

Chanel’s first VIP boutique to open in Asia – will it be in Seoul?

Chanel’s first VIP boutique to open in Asia – will it be in Seoul?

A couple of months ago, media outlets reported Chanel plans to open stores solely for VIP shopping in Asia.The French label is widely expected to op...

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

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...

WeMade buys $100 mn stake in social casino game developer

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...

Social casino game maker DoubleDown Interactive resumes US IPO process

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 ...

Netmarble bets $2.2 bn on global social casino game market

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...

It’s time to buy casino stocks, analysts say

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 ...

Korean casino game developer revives Nasdaq IPO plan

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...

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