Primorsky Development Corp. signs accord with S. Korean company for casino complex

March 22, 2022 Korea Industry Updates

The Primorsky Territory Development Corp. said a South Korean company identified as Plgen Holdings has agreed to build a casino in the zone, with initial investment of about RUB2.5 billion ($23.9 million).

In a news release posted on its website, the corporation said this is the first South Korean casino project for the Primorye zone, which has in the past attracted investment from Korean companies for golf and resort projects.

Plgen plans to open the entertainment complex by the end of 2025, it said, with the construction agreement signed earlier this month.