Kangwon Land admits to past corruption scandal

Casino operator Kangwon Land may see itself back in the center of a corruption scandal which took place between 2012 and 2013, local media reports.

In 2015, Kangwon Land was embroiled in a corruption case after it was alleged that a large number of people hired between 2012 and 2013 was as a result of their connections with politicians and the former CEO Choi Heung-jip.

The case was closed in 2015, with prosecutors indicting the CEO, Choi Heung-jip, and a human resources executive.

However, the ruling Democratic Party is now calling for the case to be reopened, saying that a deeper investigation is needed.

"This is an unimaginable corruption scandal involving a state-run company, which is funded by taxpayer money," Justice Party spokesman Choi Suk said. "Kwon belonged to an Assembly committee that is supposed to oversee the company until early 2012."

"Other applicants didn't have the same chances of success … prosecutors should reopen the case to reveal the whole truth."

On Tuesday, Kangwon Land admitted to the scandal, saying that 493 of the hires in 2012 and 2013 were successful as a result of their connections.

"A thing of the past is tarnishing the image of Kangwon Land, which has been trying hard to improve its transparency in recent years," the company said. "It breaks the hearts of all employees and we are very sorry,”

"We apologize for committing a crime which would have been possible only in the 1960s or '70s," the company said in a statement.

More news from this jurisdiction

South Korea, Greater China, JapanTuesday, Mar 20, 2018

eSports global revenue for 2017 was estimated to be US$696 million and is expected to more than double to US$1.5 billion by 2020, with the Asia Pacific heading growth, according to Newzoo, a market intelligence firm.

South Korea, Mainland China, JapanTuesday, Mar 20, 2018

Mobile games are likely to grow by more than 8 percent per year through 2020, far outstripping growth for the PC and consoles, according to Daniel Kashti, chief marketing & commercial officer of Kama Games.

South KoreaFriday, Mar 16, 2018

The South Korean government has decided to fire all 226 employees of Kangwon Land who were found to have obtained their jobs through nepotism.

South KoreaTuesday, Mar 13, 2018

Interblock announced today the placement of the company’s first electronic table games in Korea at Golden Crown Casino Daegu.

South KoreaMonday, Mar 12, 2018

South Korea’s Ministry of Culture, Sports and Tourism office was raided on Saturday after allegations emerged that a former tourism ministry official had used his influence to secure jobs for four of his family members at Kangwon Land.

South KoreaThursday, Mar 08, 2018

A blockchain focused casino and VIP solution provider, Dragon Inc, has established a partnership with South Korea casino Seven Luck to develop its VIP rooms with gaming oriented cryptocurrency.

South KoreaMonday, Feb 26, 2018

Landing International officially opened Jeju Shinhwa World Landing Casino on Sunday, with the opening ceremony officiated by Dr. Yang Zhihui, chairman and executive director of Landing International and Jay Lee, CEO of Landing Jeju Development Co.