Grand Korea Leisure (GKL), South Korea’s state-controlled, foreigners-only casino operator, has appointed Kim Young-san as its new CEO.
Kim, who will serve an initial term of three years, replaces Yoo Tae-Yeol, with Yoo having completed his own three-year term following his appointment in June 2018.
According to GGRAsia, under South Korea’s Act on the Management of Public Institutions, the heads of public corporations are appointed by the president on the recommendation of the Minister of Culture, Sports and Tourism.
According to information provided by GKL, Kim is vice chairman of the Korea Casino, a former Director of Culture and Arts Policy Office and the Planning and Coordination Office for the Ministry of Culture, Sports and Tourism, and former Director of the Korean Cultural Center in Los Angeles.
GKL operates two casinos in Seoul and one in Busan under its Seven Luck brand. It continues to be undermined by the Covid-19 pandemic, which has drastically cut business volumes.
