SEOUL, April 6 (Korea Bizwire) – A man in his thirties sentenced to three years in prison and restitution for habitual theft turned out to be a first-place lottery winner back in 2006. The man, known by his surname Hwang, squandered his fortune in just four years, and started to commit thefts. The Changwon District [...]
SEOUL, Feb. 5 (Korea Bizwire) – Baekryeong Island, South Korea’s northernmost island, has opened a lotto ticket shop for the first time. Nanum Lotto, the nation’s exclusive lottery operator, announced that the first lotto seller began operating on February 3. Due to its geological characteristics and security issues, the island has been alienated from services [...]
SEOUL, Jan. 21 (Korea Bizwire) – In Korea, many salaried workers laugh bitterly at themselves by saying “winning a lotto is the only way to turn around our lives.” In that sense, common workers have a slim chance of making a big fortune to better their future lives. In the sluggish economy, their wages are [...]
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 [...]
SEOUL, June 12 (Korea Bizwire) – A study said Korea’s legally sanctioned gambling industry (not including foreigners-only casinos and bullfighting) has stopped growing since 2006. According to a white paper published on June 9 by the Korea Leisure Industry Institute, the 2013 sales revenue of the gambling industry was 18,284.7 billion won, the almost same [...]
![[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 [...]
SEOUL, Korea, Mar 28 (Korea Bizwire) – With about one in ten grown-ups buying lottos, certain “lucky spots” have sprung up. The lucky spots are Lotto stores where many lotto winners have bought their winning tickets. It has been 12 years since lotto was first introduced in Korea in 2002, and the lucky spots are [...]