★★★

Kangwon Land

Kangwon Land Q1 2026: Revenue Growth, Strong Shareholder Returns (Buyback & Dividend)


  • Consolidated Q1 2026 revenue: KRW 378.9 billion (+3.4% YoY), operating profit KRW 68.9 billion, net profit KRW 39.7 billion
  • Shareholder return policy target: Total shareholder return rate 60% for 2024-2026, minimum payout ratio 50%, total share buyback of KRW 100 billion. Completed KRW 40 billion buyback in 2025; additional KRW 20 billion planned in H2 2026
  • Casino expansion: Approved 300 additional gaming machines (Sep 2024); second casino hall completion expected by 2027
  • ESG: 6 consecutive years 'A' grade from KCGS
  • Litigation: Suit against provincial government over development fund (KRW 224.9 billion) pending at Supreme Court; potential reversal of expense if won
  • Financial stability: Debt ratio ~19%, cash and equivalents KRW 174.9 billion, liquid financial assets KRW 2.85 trillion
  • Ongoing investments: Second casino construction, room renovations, etc.

KOSPI Filing Information


  • Filing: Quarterly Report (2026.03)
  • Company: Kangwon Land (035250)
  • Submission: Kangwon Land, Inc.
  • Receipt: 05-15-2026