Grand Korea Leisure Reports Profitable 2023 After Previous Losses

SEOUL - Grand Korea Leisure Co. (GKL) announced a significant financial turnaround for the year 2023, posting a net income of 43.8 billion won ($32.8 million), moving from a loss the prior year.

According to Yonhap News Agency, GKL's operating profit reached 51 billion won, compared to a loss of 13.9 billion won in the previous year. The annual revenue witnessed a substantial increase of 51.3 percent, totaling 396.7 billion won. This marks a notable recovery for the company, which had faced financial challenges in the preceding year.

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