Kangwon Land has named Vice President of Management Support Nam Han-gyu as its Interim CEO after the resignation of Choi Cheol-gyu, according to a filing with the Korea Exchange.
The change took effect on March 5, 2026, with the company stating that Nam will lead operations until a new Chief Executive formally takes office.
Nam has been with Kangwon Land since June 2024 and brings an extensive background in public-sector regulatory work. Before joining the casino operator, he served as Director of the Regulatory Reform and Legal Affairs Division at the Ministry of Trade, Industry and Energy.
His earlier government career included roles overseeing legal, administrative and policy matters, positioning him as a steady transitional figure as the state-controlled company undergoes leadership restructuring.
Choi, who stepped down citing resignation, had held the CEO position since December 2023. His prior government service included roles as Secretary to the President for National Integration, policy adviser to the Minister of Gender Equality and Family and Director in the Presidential Committee for National Integration.
Kangwon Land also reported softer fourth-quarter 2025 financial results earlier this year, noting higher wage provisions, increased gaming taxes and elevated depreciation expenses. Fourth-quarter sales rose 6% year on year to KRW 365.4bn (US$267.4m), but operating profit fell sharply and annual net profit declined 31% to KRW 316.5bn. The company has earmarked KRW 145.4bn for capital expenditure in 2026, including a second casino development and VIP floor upgrades.
Further announcements are expected once the board finalises its CEO selection process.
The Vice President of Management Support will continue to act as CEO until the permanent appointment is confirmed
