Korea, Republic of News - Page 4

International News Brief: South Korea is betting on a new $120 million casino project to lure more Chinese gamblers to a market that has traditionally focused on Japanese high-rollers.

International News Brief: A foreigners-only casino to be operated by the state-run tourism agency will open in southern Seoul at the end of this year, according to Choi Jae-geun, vice-president of the Korea National Tourism Organization.

International News Brief: Koreans will be prohibited from using credit cards in overseas casinos from next week, the Financial Supervisory Service said.

International News Brief: South Korean investigators have uncovered a group of eight swindlers who allegedly tricked two people out of about 1 billion won during an illegal casino game.

International News Brief: South Korean investigators have uncovered a group of eight swindlers who allegedly tricked two people out of about 1 billion won during an illegal casino game.

International News Brief: The South Korean tourism agency on has selected three additional casinos for foreigners, two in Seoul and one in the southeastern port city of Pusan.

International News Brief: Chun Rak-won, the founder and chairman of South Korea's biggest casino chain Paradise Group passed away Wednesday morning at the age of 77 from a chronic illness.

International News Brief: South Korea has granted new licences to two new operators, one in the capital Seoul and the other in the southern city of Busan.

International News Brief: Searching for new growth industries, Korea is taking bets on casinos - and Las Vegas is looking.

MGM Mirage officials are denying news reports that the company is part of a team of U.S. investors that has signed or is about to sign a deal to build a "leisure complex" west of the South Korean capital.

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.