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, 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, March 12 (Korea Bizwire) — Sales of Lotto tickets in South Korea hit an all-time high in 2019 on their increased availability amid an economic slowdown, data showed Thursday. Total Lotto sales were tallied at 4.3 trillion won (US$3.6 billion) last year, up 8.8 percent from the prior year, according to the data from [...]
SEOUL, Sept. 15 (Korea Bizwire) — Unclaimed lottery prizes have topped 260 billion won over the past five years in South Korea, government data showed Saturday. According to the finance ministry, 261 billion won (US$218 million) in prize money offered by Lotto, the most popular offline lottery ticket, has not been claimed by winners in [...]
SEOUL, Feb. 15 (Korea Bizwire) — Like so many other ordinary Koreans, Kim Chan-hee, a 50-something office worker, has pinned his financial hopes on apartments whose prices surged sharply last year despite a string of harsh measures by the government. But it did not take long for him to realize his somber situation: that the [...]
SEOUL, Jan. 22 (Korea Bizwire) — Sales of Lotto tickets in South Korea reached an all-time high in 2018 though their growth slowed amid the absence of new sales outlets, the country’s lottery operator said Tuesday. Total Lotto sales are estimated at 3.97 trillion won (US$3.5 billion) for last year, up 4.4 percent from the [...]
SEOUL, Jan. 10 (Korea Bizwire) – Sales of Lotto tickets reached the second highest number ever in 2017, the country’s lottery operator said Wednesday, amid growth in the number of sales outlets. Total sales are projected at 3.79 trillion won (US$3.4 billion) for last year, the Korea Lottery Commission said. The number is one of the largest tallied since the country started selling Lotto tickets in 2002. Sales peaked in 2003 when it [...]
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, [...]