As some investment companies of state-run Kangwon Land continued to suffer net losses,
the need for management, including measures to revitalize them, was raised.

According to the National
https://list.ly/pongpong79/lists Assembly Budget Office on the 6th,
Gangwon Land's investment companies, High Wonchu Park
and Kids La, have been showing net losses for the past five consecutive years.

High Wanchu Park, a railway experience resort created by Kangwon Land
with an investment of 83.3 billion won, had a net loss of 1.21 billion won last year. Net loss for the current
period is 24.8 billion won in 2018, 1.2
https://yoursocialpeople.com/story1029879/group-gathering-with-good-reviews billion won in 2019, 8.4
billion won in 2020, and 1 billion won in 2021. High Wanchu Park has a 99.64% stake in Kangwon Land.

"Kizrara," a children's job experience theme park invested 20 billion won by
Kangwon Land, has also been making net losses for the fifth consecutive
year since 2018. Last year,
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High1 Entertainment, an investment company that completed liquidation in
September, also showed net losses for the past five years except for last year.

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As a result, Gangwon Land's Hiwon Chuchu Park, Hiwon Entertainment, and
Kids Lara stock book value was lower than the acquisition price as of 2022,
resulting in losses. High Won Chuchu Park lost 77.14 billion won, High One
Entertainment lost 55.798 billion won, and Kids Lara lost 2.674 billion won.

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In addition, Kangwon Land's operating profit in its consolidated financial
statements is also adversely affected as its investment company,
Hiwon Chuchu Park, continues to suffer net losses for the current period.

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Gangwon Land, a public corporation, needs to manage its investment companies with net losses, including ways to
normalize them, an official from the Ministry of Budget and Policy said. "Gangwon Land continues to lose its hotel,
condominium, and ski businesses, excluding 
There is a need to revitalize not only businesses but also investment companies, he said.

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Accordingly, an official from Kangwon Land said, "In the case of
Hiwon Chuchu Park, we are developing our promotional capabilities for companies. In addition,
we are conducting business in connection with pet theme parks and
local tourist attractions, he said. "Kizrara also opened in
March this year and is now carrying out normal profit activities."
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