"SEVEN LUCK CASINO (FOR FOREIGNERS ONLY) TO OPEN IN JANUARY 27, 2006"

The Grand Korea Corporation (GKC) is planning to hold a grand opening ceremony for the Seven Luck Casino from January 27th to the 30th at the Coex center in Gang-nam, Seoul.

To kick-off the grand opening ceremony, there will be special musical performances by the popular Korean female group "Jewelry," and famous Enka singer, Kim Yeon-ja followed by an autographing session.

On the second day of events, Lee Jung-sik's Jazz Band will perform and Kim Yeon-ja will display her passion for the stage to all the visitors.

On the final day of the ceremonious events, Kim Deok-soo's Samulnori, a traditional Korean percussion quartet, is expected to elevate the atmosphere, while actress Yang Mi-gyung, who starred in "JEWEL IN THE PALACE," will be in attendance.

Seven Luck Casino is situated on a great location, at the Han-moo Convention center in Samsung dong, which is in the heart of Gang-nam, Seoul. Accessibility to the Seven Luck Coex Center is very convenient with many five-star luxury hotels nearby.

At the end of next May, the GKC is planning to open two more casinos at the Gang-buk Center, inside the Millenium Seoul Hilton Hotel and at the Busan Center, inside the Lotte Hotel Busan.

About the Seven Luck Casino, it will be open 24 hours a day, the Seven Luck Coex center, the nation’s largest scale casino with 220 MACHINES (103 SLOTS, 116 VIDEO, 1 JUMBO MACHINE) AND 80 GAME TABLES (35 BACCARAT, 26 BLACK JACK, 11 ROULETTE, 3 CARRIBEAN STUD POKER, 2 POKER, 2 TAISAI, 1 BIG WHEEL).

With the high gradual winning probability of the machines along with the many convenient facilities, the Seven Luck Coex center expects about 280,000 visitors for 2006.

As a public company, Seven Luck casino differentiates itself from other casinos, with an "OPEN AND ABOVEBOARD MANAGEMENT" structure.

All profits from the casino will be used to develop infrastructure for the culture and tourism industry, as well as for community development.

"Seven Luck" is the brand identity of GKC, which is a subsidiary company of the Korea Tourism Organization (KTO).

For detailed information on the casino contact Cho Yong-dam, Public Relations Department, Grand Korea Corp. (02) 2002-6400; For more information on Korea and travel, contact Luis A. Maravi at 201-585-0909 or at luism@kntoamerica.com