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South Korean Casino Stocks Hit by Government Fee Hike
By Editorial profile image Editorial

South Korean Casino Stocks Hit by Government Fee Hike

South Korean casino stocks are plummeting following the government's announcement of increased contributions to the state tourism fund by operators.

South Korean casino stocks are plummeting following the government's announcement of increased contributions to the state tourism fund by operators.

The operator of Paradise City, Paradise, experienced a share price drop of more than 23% in the last five days. Its competitor, Lotte Tour Development, also saw a significant decline in share price.

By Editorial profile image Editorial
Updated on
Markets South Korean Casino Stocks Government Paradise City Lotte Tour Development