Daily brief
Market · South Korea · Wed 11 Nov · 3 min read · By Roland Cinco
Shinyoung consortium wins KRW74.1 billion Kangwon Land casino contract
What happened
South Korean builder Shinyoung C&D says it has won a construction contract worth approximately KRW74.1 billion for Kangwon Land’s second casino in Jeongseon, Gangwon province.
The contract also covers renovation of existing accommodation and leisure facilities at the resort, which is operated by Kangwon Land Inc.
Shinyoung C&D, the construction arm of property developer Shinyoung Group, will lead the consortium with a 65-percent share, according to South Korean media reports.
Seorim General Construction and Daehwa Construction will hold 20 percent and 15 percent respectively, according to the reports cited by GGRAsia on 10 November 2026.
The consortium ranked first in a tender run by South Korea’s Public Procurement Service, with a reported construction period of approximately 23 months.
The reports did not specify a construction start date; Kangwon Land previously said it was targeting the first half of 2028 for the second casino’s opening.
The expansion is due to add 50 gaming tables and 250 gaming machines, according to information previously disclosed by the operator.
Why it matters
Sources: GGRAsia
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