Korea, Republic of News - Page 5

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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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.

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.

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.