Nanum Lotto Inc. is the Korean official national
lottery service provider, and started its business by consummating the
agreement with Prime Minister's Lottery Commission on August 13, 2007.
Nanum Lotto Inc., which is organized by 7 stock holding companies including
Eugene Corporation, LG CNS, Nonghyup, and Samsung Books that have financial
stabilities, and Intralot, KTeMS, and Angellotto that have specialties in
lottery, will execute domestic on-line lottery business in 5 years afterwards
from December 2, 2007 on the basis of trust management, public benefit
management, and sharing management.
Lotto, operating approx. 40% of total
sales to lottery fund, is typical public benefit business executed by the
government from which the fund is returned many places of the society through
residence stabilization support business for low-income group, promotion of
culture and arts, conservation of cultural heritage, and welfare business for
men of the national merits.
We are going to convert people's consciousness
about Lotto that was recognized as a speculative business for the meanwhile and
contribute to the national welfare and social benefit substantially through
Lotto business with the responsibility and mission. We also do our best to
expand the lottery fund by securing stable and efficient operation and
transparency.
Nanum Lotto Inc. will be a leader of the firm establishment
of sound lottery culture, furthermore, extension of heart-warming donation
culture in which everybody feels happy.
Audit Bureau to
Investigate National Lottery Operations
KOREA (May 20,
2009) – According to local media reports the Board of Audit and Inspection
of Korea said on Monday it intends to audit Nanum Lotto, a private company that
runs the National Lottery....................Subscribers
Government to
Re-investigate Lottery Company
SEOUL, South Korea (April
29, 2009) – According to a local media report the government is
considering reopening its investigation into Nanum Lotto Inc., the state-run
operator of the country's lottery system.....................Subscribers
S
Korean Lottery Sales Up 12 pct in Q1
SEOUL, South Korea
(April 4, 2009) -- Lottery sales in South Korea jumped twelve (12%) percent
during the first quarter from a year earlier amid a protracted economic
slump................Subscribers
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