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‘Lottery Number Prediction Service’ Operator Arrested for Fraud

‘Lottery Number Prediction Service’ Operator Arrested for Fraud

SEOUL, Aug. 10 (Korea Bizwire) — A criminal organization that tricked customers by claiming that it could win first prize in a weekly national lottery draw with artificial intelligence (AI) technology has been handed over to the police on fraud allegations. The Gyeonggi Bukbu Provincial Police Agency said Tuesday that 52 people have been apprehended [...]

Doubts Mount over Possible Manipulation of Lottery Results After Surge in 1st Prize Winners

Doubts Mount over Possible Manipulation of Lottery Results After Surge in 1st Prize Winners

SEOUL, June 15 (Korea Bizwire) — Doubts have been raised about possible manipulation of the national lottery drawing results after the number of first prize winners hit a record high last week. To address such doubts, the finance ministry, which oversees the Korea Lottery Commission, have been scrambling to explain the anomaly. The national lottery, named [...]

Busan Encourages Clean Garbage Disposal with Citywide Raffle

Busan Encourages Clean Garbage Disposal with Citywide Raffle

BUSAN, Aug. 23 (Korea Bizwire) — The Busan Metropolitan Government announced on August 23 that it will be holding a special raffle event as part of its citywide cleanup efforts. The event will be restricted to Millak Waterfront Park to tackle waste left by visitors who do not correctly dispose of their garbage. To place [...]

Government Earned 62.5 Trillion Won through Gambling Industry

Government Earned 62.5 Trillion Won through Gambling Industry

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 [...]