Chief Executive Officer Choi Jong-hwan of Paradise said on the 27th, "We will proactively respond to environmental changes and fully push ahead with our mid- to long-term growth strategy to solidify a foundation for sustainable growth."
Choi said in greeting remarks at the 55th annual general meeting of shareholders held at the Paradia Building in Gwangjin District on the 27th that "2026 will be a year to prepare for a new leap," and stated accordingly.
Choi said, "We will establish a business identity centered on integrated resorts and grow Paradise into a hospitality brand representing the Republic of Korea."
Choi added, "We will advance artificial intelligence (AI)-based personalized services and strengthen our sustainable management system to make a leap forward as trusted corporations."
Paradise achieved 1.15 trillion won in revenue and 155.8 billion won in operating profit last year, setting record-high results for the second consecutive year following 2024. Revenue rose 7.3% from a year earlier, and operating profit increased 14.5%.
At the shareholders meeting that day, the company partially amended its articles of incorporation to strengthen the rights of minority shareholders and the independence of the audit committee. It tightened the 3% voting rights cap for the appointment and dismissal of audit committee members and incorporated the principle prohibiting exclusion related to cumulative voting.
As inside directors, the company newly appointed Chief Operating Officer (COO) Im Jun-shin and Chief Risk Officer (CRO) and Chief Financial Officer (CFO) Lee Chan-yeol. It newly appointed Kang Seon-a, a finance expert and professor at the School of Business Administration at Chungnam National University, as an independent director and audit committee member.
At a board meeting held immediately after the shareholders meeting, Paradise newly appointed COO Im Jun-shin as chief executive officer. The company said it will operate under a co-representative system together with the incumbent CEO Choi Jong-hwan.