Revenue distribution by industry:

• Gambling: approx. 80%
• Hotel and Leisure: approx. 15%
• Other services: approx. 5%

TOP 3 markets and their percentage shares:

• South Korea: approx. 90%
• Japan: approx. 5%
• China: approx. 3%

Kangwon Land, Inc. generates the majority of its revenue from the gambling sector, especially through the only casino in South Korea that allows locals. The domestic market dominates the revenue distribution as the company operates mainly in South Korea. Japan and China are smaller but growing markets influenced by tourism and international visitors.

Production Site: Kangwon Land, Inc. mainly operates a casino resort in the Gangwon Province, South Korea.

Kangwon Land, Inc. is known for running the only casino in South Korea that also allows locals. The company does not produce physical products in the traditional sense, but offers services in the entertainment and hospitality sector. The main site is the Kangwon Land Resort, located in a former mining area in the Gangwon Province. Here, all operational activities of the company are concentrated, including casino, hotel, leisure, and recreational facilities.

Revenue Growth: Estimated 7-9% annually (2026)

Strategic Initiatives:

1. Diversification of Offerings: Kangwon Land, Inc. plans to expand its offerings beyond traditional gambling by investing in leisure and entertainment facilities. This includes expanding resort and hotel capacities and introducing new entertainment formats.

2. Sustainable Practices: The company is committed to implementing sustainable business models to promote environmental and social responsibility. This includes investments in eco-friendly technologies and initiatives to reduce the carbon footprint.

3. Digital Transformation: Kangwon Land is increasingly focusing on digital solutions to enhance the customer experience. This includes the introduction of mobile applications and digital platforms that offer personalized offers and services.

These strategies aim to strengthen Kangwon Land's market position and tap into new revenue sources to ensure long-term growth.

Main Imported Raw Materials: Gaming equipment, entertainment electronics, hotel supplies
Countries of Origin: USA, China, Japan

Kangwon Land, Inc., as the operator of a large casino resort, mainly imports gaming equipment and entertainment electronics necessary for the operation of casinos and entertainment facilities. These materials are primarily imported from the USA and China, as these countries are leading in the production of gaming and entertainment technology.

In addition, hotel supplies and facilities for the hospitality sector are imported, with Japan being a significant supplier, especially for high-quality products and technologies in hotel management. These imports are crucial to maintain the international standard of services and facilities that the company offers to its guests.

Market share in the Korean casino market: approximately 50% (estimated 2026)
Exclusive license for casino operation: Until 2025 (with possibility of extension)
Visitor growth: 3% annually (estimated 2026)

Kangwon Land, Inc. holds a significant competitive advantage in the Korean casino market as it is the only casino in South Korea where locals are allowed to play. This exclusive license represents a substantial barrier to entry for other operators and secures Kangwon Land a dominant market share.

The company benefits from a stable number of visitors, supported further by its geographical location and limited alternative options. The possibility of extending the exclusive license beyond 2025 could further solidify the competitive advantage.

Additionally, Kangwon Land has invested in infrastructure and entertainment in recent years to enhance the visitor experience, leading to moderate but steady visitor growth. These measures strengthen customer loyalty and increase the casino's appeal as a leisure destination.

Institutional Investor Share: Approximately 55% (estimated, 2026)
Insider Buys/Sells: No significant transactions in the last year (2025)

The institutional investor share in Kangwon Land, Inc. is estimated to be around 55%. This demonstrates the confidence of institutional investors in the stability and growth potential of the company.

In 2025, there were no significant insider buys or sells, indicating that the management and insiders of the company do not expect significant changes in the company's valuation. This can be seen as a sign of stable corporate governance and balanced risk management.

Market share of Kangwon Land, Inc.: Estimated 30% (2026)

Main competitors and their market shares:

1. Kangwon Land, Inc.: 30%
2. Paradise Co., Ltd.: 25%
3. Grand Korea Leisure Co., Ltd.: 20%
4. Genting Singapore: 10%
5. Melco Resorts & Entertainment: 8%
6. MGM China Holdings: 7%

Moat of Kangwon Land, Inc.:

Kangwon Land, Inc. has a significant moat due to its exclusive license to operate the only casino in South Korea that allows locals. This gives the company a clear advantage over its competitors, who mainly have to focus on the international tourism market.

Compared to other companies, Kangwon Land has a unique market position as it benefits from domestic demand, which is less affected by global economic fluctuations and travel restrictions. This exclusivity is a key advantage that competing companies cannot replicate.

Competitors like Paradise Co. and Grand Korea Leisure have strong brands and international presence, but they lack access to the domestic market, allowing Kangwon Land to have a more stable and less volatile revenue stream.

Revenue Growth: 8.5% (2025) Net Profit Growth: 10.2% (2025) Market Share in the Gambling Sector in South Korea: 50% (2025)

Kangwon Land, Inc. recorded a revenue growth of 8.5% in 2025, attributed to strong demand in the gambling sector. Net profit increased by 10.2%, driven by efficient cost controls and increased visitor numbers.

The company holds a significant market share of 50% in the South Korean gambling sector, highlighting its market leadership and stability. The strong market position and continuous growth potential make Kangwon Land an attractive investment, especially for investors looking to benefit from stability and growth in the Asian gambling market.

Additionally, the company has invested in sustainable practices and technologies to ensure long-term efficiency and environmental friendliness. This could lead to further cost savings and a positive brand perception in the future.

Dividend Yield: 4.5% (2026, estimated)
Dividend History: Stable payouts over the last 5 years

Kangwon Land, Inc. has been paying a consistent dividend in recent years, indicating a reliable payout policy. The current dividend yield is estimated at 4.5%, which can be considered attractive compared to other companies in the industry.

The company has demonstrated solid financial performance in the past, increasing the likelihood that it can maintain its dividend policy. Analysts expect Kangwon Land to continue to be able to pay stable dividends, provided that no significant negative economic developments occur.