Name

Paradise

Legal name

주식회사 파라다이스 (PARADISE.Co.,Ltd.)

Website

https://paradise.co.kr

Company type

Public

Founded year

1972

Operating status

Operating

Headcount range

1,001–5,000 employees

Ownership category

akta.pro rank

Product category

Integrated Resorts & Casino Hospitality

NAICS

Casino Hotels (721120), Casino Hotels (72112)

SIC

Hotels & Motels (7011), Services-Miscellaneous Amusement & Recreation (7990)

akta.pro primary industry

Integrated Casino Resorts (THAGAJAA)

akta.pro secondary industry

Resort Convention Hotels (THAGALAC)

Keywords

• Integrated resort operations
• Foreigner-only casino gaming
• Luxury hotel hospitality
• Hot spring spa resort
• Inbound tourism services

Headquarters

HQ city

Seoul

HQ country

South Korea

HQ region

Asia

Offices5 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Supply Chain, Technology or R&D

Revenue model

1. Casino Operations: Premium foreigner-only casino operations across four locations (Paradise City, Walkerhill, Busan, Jeju). Accounts for approximately 76% of total revenue. Features VIP programs, private gaming rooms, and diverse table games including Baccarat, Blackjack, Roulette, Poker, and slot machines.
2. Hotel & Resort: Five-star hotel operations including Paradise City (711 rooms), Art Paradiso boutique hotel (58 rooms), and Paradise Hotel Busan (532 rooms). Includes accommodation, dining, and event services.
3. Art Paradiso Boutique Hotel: 58-room luxury boutique hotel with contemporary restaurant, private spa, fitness facility, and party services for creative trendsetters
4. Vino Paradise Wine Services: Premium wine selection and storage services with sommeliers, wine cellars, and curated wine experiences across properties
5. Paradise Spa Dogo: Hot spring water park resort in Asan, Chungnam featuring various themed spa facilities, therapeutic massages, caravan glamping, and outdoor baths

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels7 records

Core offering

Paradise Group operates integrated resorts, premium foreigner-only casinos, luxury hotels, a hot-spring spa resort, travel services, and wine retail in South Korea. The flagship Paradise City complex on Yeongjong Island near Incheon International Airport combines 711-room hotel accommodations, a casino with 178 tables and 332 slot machines, convention facilities, art gallery, spa, nightclub, and plaza venues. The casino segment accounts for approximately 76% of consolidated revenue.

Product overview

Paradise is South Korea's premier integrated resort company with over 50 years of experience in the tourism industry. The company operates a diversified portfolio of businesses centered around its flagship integrated resort Paradise City in Incheon, along with hospitality properties (Paradise Hotel & Resort, Art Paradiso boutique hotel, Paradise Hotel Busan), casino operations (Paradise Casino with locations in Incheon, Walkerhill, Busan, and Jeju), wellness destinations (Paradise Spa Dogo hot spring resort), travel services (Paradise Tour), and wine services (Vino Paradise). The company also fulfills corporate social responsibilities through its Cultural Foundation, Welfare Foundation, and Kaywon Academy educational institutions. Paradise positions itself as an 'art-tainment' destination creator combining relaxation, art, and entertainment experiences.

Differentiator

Problem solved

Functional benefit

Brands

• CHROMA: Large-scale nightclub at Paradise City featuring LED installation and high-end sound and lighting system
• Wonderbox
• Cimer
• Paradise Art Space
• Paradise Way

Products and services

• Paradise City Integrated Resort A 330,000㎡ integrated resort on Yeongjong Island, Incheon combining a 711-room hotel, casino, convention center, art gallery, plaza, spa, nightclub (CHROMA), and Wonderbox family theme park. Targeted at international visitors arriving via Incheon International Airport.
• Paradise Hotel & Resort A 5-star hotel at Paradise City with 711 rooms featuring 3,000 curated art pieces and world-class facilities. Targeted at leisure and business travelers seeking luxury accommodations with cultural programming.
• Art Paradiso Boutique Hotel A luxury boutique hotel with 58 rooms across eight floors designed with European sensibilities, featuring contemporary restaurant, private spa, fitness facility, and party supply rental service. Targeted at creative trendsetters and boutique luxury travelers.
• Paradise Hotel Busan A five-star hotel in Busan with 532 guest rooms overlooking Haeundae Beach, featuring Ocean Spa Cimer, Korea's first luxury all-day dining restaurant, and Paradise Kids Village family facilities. Targeted at families and leisure tourists visiting Busan.
• Paradise Casino (Foreigner-Only) Korea's largest premium foreigner-only casino operator with four locations: Paradise City Casino (178 tables, 332 slots), Walkerhill (109 tables, 133 slots), Busan (34 tables, 75 slots), and Jeju (32 tables, 36 slots). Offers VIP programs, private gaming rooms, premium dining, and table games including Baccarat, Blackjack, Roulette, Poker, and slots. Targeted exclusively at foreign nationals.
• Paradise Spa Dogo A hot-spring water park resort in Asan, Chungnam, designated as Korea's first National Health Hot Spring. Features themed bade pools, outdoor baths, wave pool, caravan glamping, and therapeutic massages. Targeted at wellness tourists and families.
• Paradise Tour
• Vino Paradise

Quantifiable outcome

• 76% of revenue from casino segment, demonstrating dominant market position in foreigner-only gaming
• +1 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered minor and major.

• Haeundae-gu District Office (Busan)minorOthers · 26 June 2026Community partnership for ESG activities. Paradise Group employees and Paraconnect members conducted drainage purification plogging activity in Gunam-ro area as part of 'Paradise Green Step' eco-friendly campaign.
• KAL Hotel NetworkmajorOthers · 15 May 2026Paradise Co completed acquisition of Grand Hyatt Incheon West Tower from KAL Hotel Network for approximately US$151 million, adding 501 rooms to Paradise City integrated resort near Incheon International Airport.
• Lotte Duty FreemajorGTM or Marketing Partner · 27 April 2026Partnership signed at Yeongjong Island to jointly revive inbound tourism by creating an integrated travel and retail experience combining accommodation, shopping, and entertainment. Leverages Lotte Duty Free's 2.5 million foreign member network and Paradise City's expanded capacity following Hyatt Regency Incheon reopening.
• Korea Compassion (한국컴패션)minorStrategic or Co-development Partner · 27 June 2023Collaboration for 'Together 함께' exhibition at Paradise Art Space. International children's welfare organization partnered with Paradise Cultural Foundation to create art viewing, experience, and donation program running through August 20, 2023.
• Sega Sammy HoldingsmajorStrategic or Co-development PartnerJoint venture partner for Paradise City integrated resort development. Paradise Sega Sammy established in 2012. Sega Sammy has made investments in Paradise City despite its own financial challenges from underperforming gaming acquisitions.

Scale indicators6 records

Recent moves9 records

Expansion highlights6 records

Broad incumbents

• MGM Resorts International: Global integrated resort operator (MGM Macau via joint venture, MGM Cotai) with luxury casino-hotels. Comparable in operating large-scale integrated resort complexes with casino, hotel, dining, and entertainment verticals.
• Las Vegas Sands: Global integrated resort operator with flagship properties in Macau (Marina Bay Sands, Venetian Macao) and Singapore. Comparable in combining premium casino, luxury hotel, and convention/MICE facilities targeting international visitors, though much larger and globally diversified.
• Wynn Resorts: Luxury integrated resort operator (Wynn Macau, Wynn Las Vegas, Wynn Al Marjan). Comparable in premium positioning, VIP-focused casino operations, and integrated luxury hotel-casino-entertainment offerings targeting high-end international guests.

Direct peers

• Galaxy Entertainment Group: Major Macau integrated resort operator (Galaxy Macau, StarWorld) with casino, hotel, and entertainment offerings. Comparable business model in an Asian gaming jurisdiction with focus on VIP and mass-market gaming alongside hospitality.
• Genting Singapore: Operator of Resorts World Sentosa, an integrated resort combining casinos, hotels, theme parks, and convention facilities in a regulated Asian market. Most directly comparable to Paradise as an integrated-resort operator targeting premium international tourists in a license-restricted jurisdiction.
• Melco Resorts & Entertainment: Macau-based integrated resort operator (City of Dreams, Studio City) targeting Asian premium customers with casino, hotel, and entertainment. Comparable VIP/mass-market mix and Asian-market focus.
• Kangwon Land: Korea's only casino that admits Korean nationals (alongside the foreigner-only licensees like Paradise). Comparable Korean casino operator with hospitality operations, though operating under a structurally different license (locals-allowed).
• Sands China: Subsidiary of Las Vegas Sands operating integrated resorts in Macau (Venetian Macao, Parisian Macao, Plaza Macao). Comparable Asian-market integrated resort with casino, luxury hotel, retail, and entertainment targeting premium Chinese and international visitors.
• SJM Holdings: Macau integrated resort operator (Grand Lisboa, Lisboa Palace). Comparable Asian-market integrated resort with casino and hotel operations targeting Chinese and international visitors.

Others

• Sega Sammy Holdings: Japanese entertainment conglomerate and joint venture partner for Paradise City since 2012 (via Paradise Segasammy). Comparable as a partner/enabler in integrated resort development and gaming operations rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCPsE9fqa9px8N7kaiPHZAvQ/featured
• Facebookfacebook.com/paradisegroup.story
• Instagraminstagram.com/paradise__story
• LinkedInlinkedin.com/company/paradise-group-co

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries14 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Paradise