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Paradise Cogros Listed on South Korea's Antitrust Watch List

  • bscnews casinosite

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Paradise Cogros Listed on South Korea's Antitrust Watch List by bscnews casinosite
Paradise Co Ltd, which operates a casino exclusively for foreigners in Korea, is one of seven companies added to the list of companies subject to enhanced supervision by the Fair Trade Commission, South Korea's anti-trust regulator.

This information was reported by Yonhap News Agency in South Korea, and the start-ups have increased their list to 88 companies.

Under South Korean law, large companies with assets of more than 5 trillion won ($3.68 billion) will be designated as "big companies" and must submit public details on key information about transactions between affiliates, ownership structures and non-affiliate companies, the outlet explained.

The regulator said in Wednesday's announcement: "This year's increase in the number of companies under surveillance comes as the entertainment, leisure and tourism industries have grown markedly, boosted by the rise in popularity of Korean culture and a recovery in consumer sentiment after the COVID-19 pandemic."

Among the new subscribers were HYBE Co Ltd, an entertainment company of K-pop group BTS, due to strong performance and increased lending from its affiliates. 카지노사이트 모음

This is reportedly the first time an entertainment group has been added to the list.

Paradise reported net income attributable to shareholders in the first quarter of 2024 to approximately 25.94 billion won, according to a filing released on May 9.

The company directly operates three casino locations: Walkerhill in the capital city of Seoul, Paradise Jeju on Jeju Island, and properties in the port city of Busan.

Paradise Co. also operates Paradise City Resort in Incheon with Japan's Sega Sammy Holdings.

In March, Paradise confirmed to GGRAsia that the board's decision to delist from the nation's KOSDAQ stock index was due to the group's attempt to move the listing to the KOSPI.

The Korea Exchange describes the latter as the "leading index" for the Korean stock market. According to PwC, a business service provider, it instead supports "smooth financing of ventures and small and medium-sized enterprises."
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bscnews casinosite
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