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Lottery in Korea?
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peachKitten713



Joined: 13 May 2013

PostPosted: Thu Aug 01, 2013 1:24 am    Post subject: Lottery in Korea? Reply with quote

Hi, I know that there is lottery in South Korea, but I've only heard of the paper tickets that you have to match numbers with. Can foreigners buy these and collect if they win? Is it pretty straightforward?

Also, are there scratch-off lottery tickets? I enjoy those and would be interested in playing if possible.

Any information about lottery in Korea that anyone has would be most appreciated~!
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PigeonFart



Joined: 27 Apr 2006

PostPosted: Thu Aug 01, 2013 3:27 am    Post subject: Reply with quote

Here is the website of the official korean national lottery...
http://www.nanumlotto.co.kr/default_eng.asp
Check that website for the results.

Match 3 out of a possible 6 numbers, win 5,000 won.
Match 4 out of a possible 6 numbers, win 50,000 won.
Match 5 out of a possible 6 numbers, win about 1 million won. (amount changes)
Match 6 out of a possible 6 numbers, win about 1 billion won. (amount changes)

It costs 1,000 won for one line of numbers. You can play as many lines as you want. You can buy tickets in just some convenience stores (about 10% of stores). Look for the logo (as seen on the website linked above) on the windows of convenience stores.

Yes, non-koreans can collect their winnings. You are a legal resident of this country (if you have an Alien Registration Card) so the money is yours WHEN you win the jackpot...ahem....IF you win the jackpot.

You can pick your own numbers or have random numbers selected for you by filling out the sheet (as you would do in any other country) and ticking the appropriate boxes.

If you want to be good to the environment and not waste paper, just tell the cashier you want a lotto ticket...."로또 표 주세요" (Loh-do-pyo-jew-say-yo)
Then say how much you want to spend.
1 thousand won worth...."천원 어치." (chun-on-aww-chee)
2 thousand won worth...."이천원 어치." (eee-chun-on-aww-chee)
5 thousand won worth..."오천원 어치." (O-chun-on-aww-chee)
10 thousand won worth..."만원 어치." (man-on-aww-chee)

So if you want a lotto ticket with 5 lines that are randomly selected by the computer then all you would say is......."로또 표 주세요....오천원 어치."

[Before any other posters attack this thread...yes i'm aware of the saying that lotteries are a tax on the stupid. Intellectually i have to accept the wisdom in that statement. I told myself i was a fool when i bought a ticket, but my heart told me to buy it. People can be led by emotions much more than you'd think.]
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orosee



Joined: 07 Mar 2008
Location: Hannam-dong, Seoul

PostPosted: Thu Aug 01, 2013 3:36 am    Post subject: Reply with quote

Good description. A nice touch is that you can use your phone to scan the QR code on the ticket on Saturday evening and see immediately if you've won anything.

I feel it's a scam though; I played for the past 4 weeks and didn't get 6 or 6+1 correct numbers even once! What are the odds of that happening???
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Jake_Kim



Joined: 27 Aug 2005
Location: Seoul

PostPosted: Thu Aug 01, 2013 3:45 am    Post subject: Reply with quote

The dominant one in Korea is 'Lotto 6/45' which is virtually identical to American Powerball or others named 'Lotto.'

There's no restriction in participation and collection by foreigners (residents and non-residents alike), the same tax rule applies on the winnings unless a more favorable tax treaty applies.

Scratch games are now all consolidated under the brand name '스피또' with subtypes of 2000/1000/500, being sold at convenient stores and post offices.
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Yaya



Joined: 25 Feb 2003
Location: Seoul

PostPosted: Thu Aug 01, 2013 6:03 am    Post subject: Reply with quote

According to the BBC, the biggest jackpot in Korean lottery history occurred in 2003, when 13 people shared a jackpot worth 70 million U.S. dollars.

The biggest individual winner was a police officer who in 2003 won 40.7 billion won before taxes.
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peachKitten713



Joined: 13 May 2013

PostPosted: Thu Aug 01, 2013 6:14 pm    Post subject: Reply with quote

Thank you all for the replies; very helpful!

Yeah, same with lending money- never play what you can't afford to lose haha. I've been a little lucky, but not often at all unfortunately. Once I won $125 on a 2 dollar scratch-off, so that wasn't bad. It'd be fun to play a little while I'm in Korea though, especially the scratch-offs ^^;;
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beentheredonethat777



Joined: 27 Jul 2013
Location: AsiaHaven

PostPosted: Sat Aug 03, 2013 8:50 am    Post subject: Re: Lottery in Korea? Reply with quote

peachKitten713 wrote:
Hi, I know that there is lottery in South Korea, but I've only heard of the paper tickets that you have to match numbers with. Can foreigners buy these and collect if they win? Is it pretty straightforward?

Also, are there scratch-off lottery tickets? I enjoy those and would be interested in playing if possible.

Any information about lottery in Korea that anyone has would be most appreciated~!


My friend won a few thousand dollars USD last year. (10,000USD
She had to pay taxes.
She's a teacher, but she claimed the money with her passport number.
On the winning form, I think you have to check resident or non resident.

She plays 100,000 won in scratch-offs every payday!

She also won 8.9 million won at the casino. They immediately took out taxes and gave her about 80% and a winner's receipt.

I'm too chicken to part with my hard earned savings on chances.

I see the scratch-offs in corner marts every day. Hope this info helps.

Sometimes I am tempted to buy the whole roll just to see what's on the tickets. But my father's daily words keeping in my ears/ a bird in the hand, is worth two in the bush.

YES, foreigners can play and win.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Sun Aug 04, 2013 6:32 am    Post subject: Reply with quote

I once won 40,000-ish won... woo-hoo. Took it too the bank to claim it, and right off the bat they took off about 30%. I ended up with just under 30,000-won.
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3DR



Joined: 24 May 2009

PostPosted: Sun Aug 04, 2013 10:08 am    Post subject: Reply with quote

I played it for the first time last weekend. Got 3 out of 6! 5,000 won baby!
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Skippy



Joined: 18 Jan 2003
Location: Daejeon

PostPosted: Sun Aug 04, 2013 9:08 pm    Post subject: Reply with quote

jvalmer wrote:
I once won 40,000-ish won... woo-hoo. Took it too the bank to claim it, and right off the bat they took off about 30%. I ended up with just under 30,000-won.


Really? I thought the tax deductions would happen with high cash outs.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Sun Aug 04, 2013 9:55 pm    Post subject: Reply with quote

Skippy wrote:
jvalmer wrote:
I once won 40,000-ish won... woo-hoo. Took it too the bank to claim it, and right off the bat they took off about 30%. I ended up with just under 30,000-won.

Really? I thought the tax deductions would happen with high cash outs.

Yup. If you get 4 numbers, you're paying Uncle Kim.
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PigeonFart



Joined: 27 Apr 2006

PostPosted: Tue Aug 06, 2013 2:45 am    Post subject: Reply with quote

No actually, just take the 'match 4' winning ticket to any lottery agent and you'll get 50,000. I've done it a few times, even very recently so maybe the rules have changed since your day jvalmer.
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jvalmer



Joined: 06 Jun 2003

PostPosted: Tue Aug 06, 2013 3:56 am    Post subject: Reply with quote

PigeonFart wrote:
No actually, just take the 'match 4' winning ticket to any lottery agent and you'll get 50,000. I've done it a few times, even very recently so maybe the rules have changed since your day jvalmer.

Unfortunately, the last time I won more than 5000-won was more than 3 years ago... Embarassed
I tried claiming it at a machine, but they told me to go to a bank to claim it. So I guess since they switched the handling bank from kookmin to nonghyup, the tax rules may have changed...
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Weigookin74



Joined: 26 Oct 2009

PostPosted: Tue Aug 06, 2013 10:31 am    Post subject: Reply with quote

Sign me up! I may not have to teach little Koreans anymore. (But, they ain't so bad. Ha ha.)
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Skippy



Joined: 18 Jan 2003
Location: Daejeon

PostPosted: Sat Aug 24, 2013 10:35 am    Post subject: Reply with quote

Well I won the lottery tonight. I got 5 out of 6 numbers. So I won about 1.5 million won. Plus another 50,000 won. Yep, I won twice! Will tell of how the cashing goes and how much tax is. Is it still Nonghyup bank to go to collect. Plus how much is the tax I have seen 22%, 30% (here).

Minus the drinks tonight. I hope to get a new smart phone.

Really! I won!
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