Korea, Republic of News - Page 6

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.

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

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.

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

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.

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).

News Brief: South Korea may be feeling the pinch of recession, but with hard times looming, the country's gambling industry is cashing in.

News Brief: Kangwon Land, the country’s only casino operator, is likely to become the largest sales maker in South Korea's gambling industry, bypassing horse racing.

News Brief: The owner of the only South Korean casino, Kangwon Land, in which South Koreans themselves can bet starts trading on the Kosdaq market. Investors expect a rally that will establish it as the index's third-biggest stock.

News Brief: The stock price of KangwonLand has jumped to over 120,000 won ($94) in the over- the-counter market, posting a 223 percent increase rate since the beginning of this year.

News Brief: A South Korean lottery promotion is tempting citizens with the concept of how much satisfaction is derived merely by buying tickets and dreaming of the riches waiting to be won.

News Brief: Hoonnet says many international companies from Japan and Southeast Asia are contacting the online gaming firm to establish local joint ventures or exports of its gaming software.

News Brief: According to a study, the different behavior of foreign visitors to Korean casinos provides a glimpse into their respective ethnicity and culture.

News Brief: The popularity of online gaming in Korea appears to be linked to the high uptake of broadband Internet access.

News Brief: Las Vegas veteran finally gets to live out his Bugsy Siegal-esque dreams in a small mountain town in Korea.

News Brief: Hoping to curb excessive losses by individuals, the Korean government advises measures to ease concerns, such as the lowering of the maximum bet per game and the shortening of its business hours.

News Brief: The Ministry of Culture and Tourism said it would not permit another casino for Korean citizens. The first one opened in late October.