Korea, Republic of News - Page 4

International News Brief: Funds from the South Korea special excise tax on horse and bicycle racing tracks and casinos may be reallocated to local governments to secure financial resources for local areas.

International News Brief: After a 10-year lull, three new foreigner-only casinos will open in an effort to meet the needs of the increasing number of tourists, to promote the flourishing tourism industry and create new jobs, a South Korean government official said Friday.

International News Brief: Police on Tuesday said they rounded up 52 Filipino workers for gambling on cockfights in Namyangju, Kyonggi Province on Sunday.

International News Brief: Two Seoul psychiatrists have pinned gambling on a nationwide urge to get rich quick and have begun to treat gambling addiction as an illness.

International News Brief: The price of a Korean Lotto ticket will be cut to 1,000 won from 2,000 won beginning in August, but the biggest jackpot of the national lottery is also expected to be halved.

International News Brief: The online bulletin board of an inter-Korean venture based in North Korea has become wildly popular with South Korean Internet users.

International News Brief: A South Korean company lost its status as an inter-Korean business last month after it was found to be engaged in an online lottery and gambling operation run by a North Korean state company.

International News Brief: South Korea’s President Roh Moo-hyun and his cabinet have approved a proposal authorizing foreign companies that invest $500 million in the country’s tourism industry to open a casino.

International News Brief: If the South Korea’s government plans are successful, there may be another tourist casino open to foreigners only.

International News Brief: The Incheon Metropolitan Government said yesterday that it would establish one or more casinos exclusively for foreigners in its new special economic zone.

International News Brief: According to a new report, South Korea’s resort’s revenues rose by 20.6 percent last year from the year before.

International News Brief: South Korea'sonly casino that allows Korean nationals to gamble has been found to give a lower return rate for customers than the 13 other foreigners-only casinos here.

International News Brief: South Korea’s laws may be amended to allow foreigners to build and operate casinos in areas designated to become special economic zones, such as Jeju Island.

International News Brief: Friday will be a memorable day for the depleted coalmine of Sabuk in Chongson, Kangwon Province, with the opening of a super-deluxe Kangwon Land Resort & Casino.

International News Brief: Four unidentified winners won 9.3 billion won (US$7.6 million) each in a lottery jackpot Saturday, the largest ever in South Korea.

International News Brief: PC rooms and Internet cafes may not be allowed to provide gambling or other betting services from September, according to South Korea’s Ministry of Culture and Tourism.

International News Brief: A court ruling expected to decide the fate of "Lotto," a weekly lottery that has infected South Korea with an unprecedented level of jackpot fever since its launch last December.

International News Brief: The Korea Racing Association is setting out to change the reputation of horse racing in South Korea.

International News Brief: The Lotto boom that swept Korea last week ended up producing 13 winners Saturday night.

International News Brief: South Korea has been swept up by lottery fever, with record numbers buying tickets for this week's draw, where the jackpot is expected to reach $50m.