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Lottery Fever Hits South Korea

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 $60 million.

South Korea's Gambling Markets Skyrocket

International News Brief: South Korea’s gambling markets last year earned the central and provincial governments nearly $2.6 billion in revenue, including taxes and surcharges. The figure is about a three-fold increase over that of the last four years.

Gambling in South Korea Increases

International News Brief: The market for gambling and racing in South Korea grew last year at double the rate it did in 2000, despite the general economic slowdown, the Korea Leisure Industry Research Institute said on Friday.

Online Lottery Launches in South Korea

International News Brief:The South Korean lottery market is expected to face a drastic shake-up with the release of an online lottery.

South Korea's Online Addiction

International News Brief: South Korea’s efforts are already under way to try to tackle the growing problem of internet addiction. More than a third of South Korea’s web users thought to be at risk of dependency.

South Korea Relaxes Casino Restrictions

International News Brief: South Korea's tightly controlled gambling industry will take a step towards respectability today when shares in Paradise, one of the country's few casino operators, begin trading in Seoul.

US Gambling Trips Cost Korean Businessman

International News Brief: A 55-year-old former construction company chairman was indicted on charges of violating Korea's foreign exchange control law. He is suspected of borrowing money from the Mirage for casino gambling.

Korean Government to Monitor Sites

International News Brief: The South Korean government is planning to monitor 300-odd Internet sites, including gambling sites, to ensure security is tight enough to ensure no private information is vulnerable to release.

Former Korean Casino President, Newspaper Owner Arrested

International News Brief: A former president of a South Korean casino and a former chairman of a newpaper were arrested for taking more than the permissible amount of U.S. dollars out of Korea for gambling in Las Vegas.

South Korean Media Exec Arrested in Currency Scandal

A South Korean ex-media tycoon was arrested on charges of violating Korea's currency laws when he illegally borrowed $4 million in 1996 for gambling from Laura Choi, a former Mirage Resorts Inc. manager.

007 to Promote World Cup

International News Brief: Roger Moore, best known for his movie roles as the international secret agent James Bond, will attend the World Cup's opening ceremony as Seoul's goodwill ambassador.

South Korea President's Son Probed in Lottery Scandal

International News Brief: Prosecutors will summon President Kim Dae-jung's youngest son, who has been accused of accepting a bribe to secure a lottery license for Tiger Pools Korea.

Korean Casino Investigated for Missing Revenue

International News Brief: An investigation into a scandal surrounding over $750,000 in missing revenue at South Korea’s Kangwon Land casino, appears to have had only limited impact on its gambling business, which continues to flourish.

Korean Organized Crime Busted for Illegal Gambling

International News Brief: The Seoul District Public Prosecutor's Office said it arrested 33 members of organized crime families for operating video game arcades with illegal gambling machines in Seoul.

Embezzlement Suspected at Korean Casino

International News Brief: Korean Chuncheon District Prosecutors conducted a seizure search on the casino Gangwon Land Friday.

Lotteries for Foreign Patrons Hit Korean Market

International News Brief: A new lottery series recently hit the market, and it is targeting foreigners visiting or residing in Korea as its sole consumer group.

Korea Offers Online Soccer Betting

South Korea's sole sports lottery operator, Sports ToTo, is giving Internet-savvy Koreans a way to bet on soccer online.

Intense Growth in Korea's Gambling Industry

International News Brief: Korea's recreation and gambling industry ballooned by 45 per cent last year, posting a revenue of $7 billion compared to the $4.8 billion it made in 2000.

The Koreans whet the appetites of online casino groups

Korean Gambling Industry Grows 45%

International News Brief: Despite the domestic economic slump, the gambling industry grew 45 percent last year, creating a market worth 9.2 trillion won (US$7 billion).

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