SEJONG, Jan. 31 (Korea Bizwire) — South Korea’s lottery sales reached an all-time high in 2024, with revenue approaching 6 trillion won, according to data released by the Ministry of Economy and Finance and the Korea Lottery Commission. The annual sales figure of 5.96 trillion won continues a pattern of record-breaking growth that began nearly a [...]
SEOUL, Nov. 24 (Korea Bizwire) – In response to ongoing suspicions surrounding the fairness of South Korea’s national lottery, Donghang Lottery hosted a live broadcast of the Lotto 6/45 draw on November 23 to enhance transparency and public trust. The event, dubbed the “2024 Lottery Day,” was held at the MBC headquarters in Seoul’s Sangam district, [...]
SEOUL, Oct. 15 (Korea Bizwire) — Lottery sales in South Korea rose 7 percent on-year during the first half of this year to reach an all-time high, data showed Tuesday. Sales of lottery tickets stood at 3.62 trillion won (US$2.67 billion) in the January-June period of 2024, compared with 3.38 trillion won the previous year, [...]
SEOUL, June 2 (Korea Bizwire) — In an unprecedented demonstration of public engagement, a multitude of individuals applied to participate in a special event that aimed to address concerns regarding the integrity of lottery draws in South Korea. DongHang Lottery Co., the current authorized lottery licensee, and MBC, a public broadcaster responsible for conducting the [...]
SEOUL, Dec. 6 (Korea Bizwire) — South Korea’s Lotto, the most popular offline lottery ticket in the country, celebrated its 20th year of sales, which surpassed 5 trillion won (US$3.78 billion) last year, data showed Monday. A total of 7,803 people won first place in the lottery from Dec. 7, 2002, to Nov. 26 of [...]
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 [...]
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 [...]
SEOUL, Jan. 18 (Korea Bizwire) — Lottery sales in South Korea rose 10.3 percent on-year to reach an all-time high last year amid the COVID-19 pandemic, data showed Tuesday. Sales of lottery tickets stood at 5.98 trillion won (US$5.02 billion) in 2021, compared with 5.42 trillion won the previous year, according to the data from [...]
SEJONG, April 13 (Korea Bizwire) — South Korean households’ spending on lottery tickets rose more than 7 percent in 2020 despite a record fall in their overall consumption, government data showed Tuesday. Local households spent a monthly average of 590 won (US$0.52) on lottery tickets last year, up 7.2 percent from a year earlier, according [...]
SEJONG, Feb. 12 (Korea Bizwire) — More than 40 percent of people who won Lotto, the country’s most popular lottery, said they will use the prize money to acquire real estate assets, a survey showed Friday. Among 271 Lotto winners in the first half of 2020, 42 percent of them said they will buy houses [...]