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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).

Gambling Fever Hits South Korea

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

Kangwon Land Becomes Largest Gambling Firm in South Korea

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.

Casino for locals in Korea

Booming Korean Casino Selling Stock

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.

South Korea's Casinos Share Price Rise Sharply

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.

Lottery Fever Heats Up in South Korea

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.

Korean Company Exporting Online Casino Game Software

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.

Study Offers Cross-Cultural Comparison of Korean Casino Patrons

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

South Korean gamers go online

Koreans Lead Online Gaming in Asia

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

Cheers and Loathing for Korean Casino

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

Korean Government Acts to Cut Losses at New Casino

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.

Korean Gov't Blocks Efforts for Another Casino for Korean Nationals

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.

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