South Korean casino operator Kangwon Land Inc. has announced the appointment of Lee Sam-geol, former second vice minister of the Ministry of Public Administration and Security, to a three-year term as CEO. Lee succeeds Moon Tae-Gon, who was promoted to the position of interim chairman last year.
Lee is also a former governor of North Gyeongsang Province, just south of Gangwon Province, home of Kangwon Land. The entertainment complex—which includes South Korea’s only locals casino—is 51 percent government-owned and overseen by the national Ministry of Knowledge Economy.
Kangwon Land recently won a 20-year license extension from the Trade, Industry, Energy, SMEs and Startups Committee of the National Assembly.
Under Korean law, Kangwon Land’s CEO is appointed by the president upon recommendation of the Minister of Strategy and Finance, reports GGRAsia.