On Tuesday, Da Nang People’s Committee Vice Chairman Ho Ky Minh played host to Mr Ham Seung-huie, the CEO of the Kangwon Land group from South Korea’s Gangwon Province.

CEO Ham Seung-huie (left) and Vice Chairman Minh

Vice Chairman Minh proudly said, “Over recent years, Da Nang has recorded an average annual growth rate of around 30% in such aspects as real estate, apartments and luxury resorts.  This positive result plays a significant role in promoting the development of local tourism services and trading activities”.

He also remarked, “As of early November 2016, South Korea is the city's second largest foreign investor, out of 38 countries and territories worldwide, with 63 projects worth 726 million USD in total.  These projects are in such aspects as real estate, restaurants, entertainments, and textiles and garments manufacturing”.

The city leader remarked, “Kangwon Land’s investment plans in Da Nang, which focus on developing luxury resorts, amusement areas with gaming machines, and entertainment centres, will match with the city's sustainable tourism development strategies.  This will help the city to diversify its tourism products”.

The host vowed that the city authorities will create favourable conditions for Kangwon Land to conduct research into the deployment of its future projects as soon as possible. 

CEO Ham Seung-huie highly praised the city leaders for their flexible management capabilities in appealing for domestic and FDI inflows, and issuing support policies for businesses and organisations from both home and abroad. 

Established in 1998, Kangwon Land is one of South Korea’s leading groups and it has extensive experience in providing gaming services and developing hi-end resorts.