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Nanum Lotto Inc.
Address: 7F S-oil Bldg, 192 Baekbumro, Mapogu, Seoul, 121-805, Republic of Korea
Phone: 82-2-721-7300
Fax: 82-2-721-7350
Population: 49 million
CEO: Yang Won Don
Start - up: July 27, 2007
On-line Vendor: N/A

Background Information

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.

News 2011
August 18, 2011 Pension Lottery Fever Grips Korean Masses
March 15, 2011 Korea’s Lottery Industry Strong

Lottery News 2009

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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