Lee Hyo-sik is Finance Desk editor at The Korea Times. He manages finance-related stories on macroeconomics, banks, stocks, bonds, crypto etc. He is passionate about covering what's happening in Korea's financial industry and explaining it to both Korean and non-Korean readers. You can reach him at leehs@koreatimes.co.kr. Your insights and feedbacks are always appreciated.
Former Paju mayor to head casino firm
By Lee Hyo-sik
Former Paju Mayor Ryoo Hwa-sun, 63, has been selected as the new head of the state-run Grand Korea Leisure, the operator of Seven Luck Casino.
The company said Wednesday that it held a shareholders’ meeting and appointed Ryoo the new CEO. He replaces Kwon Oh-nam, who finished his three-year term on July 22.
Ryoo served as a managing editor of the Korea Economic Daily and president of Korea Economic TV.
He graduated from Seoul National University with a degree in sociology.
GKL, 51 percent of which is owned by the Korea Tourism Organization, is the country’s largest foreigner-only casino chain. It operates a casino at the Millennium Seoul Hilton at the foot of Mt. Nam in Seoul, another in southern Seoul and a third in Busan.