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 [...]
SEJONG, Jan. 23 (Korea Bizwire) – More than half of South Koreans have bought lottery tickets at least once last year amid the deepening economic slump, a survey showed Monday. According to the survey of 1,000 people by the finance ministry in November last year, 55.9 percent said they have made a lottery ticket purchase [...]
SEJONG, Jan. 16 (Korea Bizwire) – Sales of the Korean lottery Lotto hit their highest last year, statistics from the operator showed Monday, a trend that comes during economic slumps, social analysts say. The statistics from the Korea Lottery Commission said Lotto sales reached 3.55 trillion won (US$3.02 billion), or 3.55 billion tickets, last year, [...]
SEJONG, Feb. 4 (Yonhap) – Sales of lottery tickets in South Korea soared to a 12-year high in 2015 on robust demand for online lotteries, government data showed Thursday, amid a prolonged economic slump. Lottery sales stood at 3.56 trillion won (US$2.96 billion) last year, up 8.3 percent from the previous year’s 3.29 trillion won, [...]
CHUNGJU, Nov.11 (Korea Bizwire) – At a popular nursery school, parents waited quietly as a lottery to determine which children would enter kicked off. You could cut the tension with a knife. In the end, only 25 children were selected to enter the class for five-year-olds, even though 118 applied. The 93 parents whose children [...]
SEOUL, March 16 (Korea Bizwire) — A recent lottery result in Korea has become a much talked-about subject among Korean Lotto lovers, as the outcome represented a relatively rare phenomenon. The six pairs of numbers for the jackpot of Nanum Lotto’s 640th winning results, 14-15-18-21-26-35, were exactly same as the lottery’s 64th results, except for [...]
SEOUL, Sept. 19 (Korea Bizwire) – For the past five years, the amount of money unclaimed by lotto winners surpassed 200 billion won (US$192 million), according to the Korea Lottery Committee. According to the report from the lottery committee submitted to the ruling Saenuri Party (New Frontier Party) lawmaker Park Myung-jae, the unrecovered lotto prize money [...]
SEOUL, Sept. 13 (Korea Bizwire) – According to a recent survey by the Statistics Korea, single households are purchasing more lotteries or lottos than other multi-person households. On average, a single-person household spends 894 won (89 US cents) a month to buy the lottery, more than twice higher than 335 won (34 cents) of a [...]
![[Kobiz Stats] Have You Ever Bought a Lottery Ticket?](http://koreabizwire.com/wp/wp-content/uploads/2014/04/복권구매-영문-1.jpg "[Kobiz Stats] Have You Ever Bought a Lottery Ticket?")
[Related Article] Government May Come up with New Lottery (Korea Bizwire, April 18) The government is giving positive consideration on developing and releasing new lottery schemes including time-limited lotteries and a Korean version of “Powerball.” On April 17, the Lottery Commission at the Ministry of Strategy and Finance said the government has planned… (see the [...]
SEOUL, Korea, April 18, 2014 (Korea Bizwire) – The government is giving positive consideration on developing and releasing new lottery schemes including time-limited lotteries and a Korean version of “Powerball.” On April 17, the Lottery Commission at the Ministry of Strategy and Finance said the government has planned to diversify the lottery products by coming [...]