SEOUL, Aug. 30 (Korea Bizwire) — On August 27, a four-year saga that had pitted local residents and a growing number of government officials against South Korea’s horse racing establishment drew to a close, as the mayor of Seoul, the president of the Korea Racing Authority (KRA) and various politicians and luminaries shook hands to [...]
JEONGSEON, South Korea, April 14 (Korea Bizwire) – The number of voluntary bans to the Kangwon Land Casino – the only gambling venue that grants access to locals – is on a rapid rise. As part of the casino’s initiatives to curb gambling addiction, players can request a three-year ban. They can make up to [...]
SEOUL, April 12 (Korea Bizwire) – The government earned 62.5 trillion won (US$54.56 billion) from the gambling industry over the past 15 years, about half of it through taxes, data showed Wednesday. The Korea Taxpayers Association analyzed records from the National Gambling Control Commission and found that the government collected approximately 31.55 trillion won in [...]
SEOUL, Sept. 30 (Korea Bizwire) – Gangwon Province’s Kangwon Land entertainment resort houses the only casino in Korea open to locals. The resort was established as part of a government plan to revitalize the dwindling economy in what was once a coal-mining area, following the restructuring of the coal industry in 1989. The casino opened [...]
JINDO, South Korea, August 1 (Korea Bizwire) – Jindo County in South Korea’s South Jeolla Province is promoting the sport of dog racing, not with greyhounds, a typical racing dog, but with Korean Jindo dogs, which are designated as the 53rd natural treasure of South Korea. Dog racing – or greyhound racing – is a popular [...]
SEOUL, July 26 (Korea Bizwire) – South Korea’s state auditor said Tuesday the government should roll out tighter plans to prevent gambling addiction, adding that a large number of addicts are being observed at Kangwon Land Casino, the nation’s only casino open to locals, owned by High1 Resort. According to the study conducted by the [...]
SEOUL, July 25 (Korea Bizwire) – A South Korean baseball pitcher voluntarily reported that he had engaged in match-fixing schemes in 2014, the governing body of the country’s professional baseball said Sunday. Yoo Chang-sik, a left-handed pitcher for the Kia Tigers, confessed to his team on Saturday that he had deliberately walked a batter in [...]
SEOUL, May 13 (Korea Bizwire) – Prosecutors formally arrested a judge-turned-lawyer accused of accepting billions of won from clients in exchange for promises to use her connections and influence over courts to help them win lighter sentences. The Seoul Central District Court issued the arrest warrant for lawyer Choi You-jeong Thursday night over suspicions that [...]
JEONGSEON, May 10 (Korea Bizwire) – While coal mining boomed in Korea in the 1970s, with the decline in international oil prices and rapid changes in energy consumption patterns, demand decreased drastically. In the 1980s, the coal mining industry was quickly fading away. The Korean government started restructuring the coal industry in 1989. As a [...]
DAEGU, March 6 (Korea Bizwire) – Recent data suggests that violent crimes related to gambling are on the rise. Gambling addiction is become an increasingly important social issue, as casinos and sports or internet gambling are becoming popular regardless of age. Experts point out that while gambling addiction itself should be treated, measures must also [...]