Open AccessDevelopmental Direction of South Korean Casino Market
Author(s) -
Hyungsok Kim,
Minsoo Kang
Publication year - 2015
Publication title -
research in business and management
Language(s) - English
Resource type - Journals
ISSN - 2330-8362
DOI - 10.5296/rbm.v2i2.7776
Subject(s) - foreign capital , capital (architecture) , tourism , investment (military) , business , foreign direct investment , market economy , china , economy , international trade , commerce , economics , law , political science , geography , politics , archaeology
Korean casino market is currently in a new turning point and plans to expand more casinos in addition to the 17 casinos and talks about development of the tourism industry through massive investment of foreign capital. Casino market is such a sensitive issue in our country and except for Kang-won Land, all casinos are exclusively for foreigners. However, foreign capital has announced plans to invest substantial capital in terms of allowing locals to enter casino as well. Under these circumstances, Kang-won Land Casino is strongly claiming that allowing locals to casino is illegal under the law, but certain regions confront that amending the law on the investment is necessary for economic growth to attract more casinos. In this study, we grasp the current situation and its development of casino in Korea and set a direction for the future development of casino