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APLA 2015

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The Korea Lottery Commission (KLC)
Corporate Name The Korea Lottery Commission, The Ministry of Strategy and Finance
Representative Bang Mun Gyu, Vice Minister of Ministry of Strategy and Finance
Incorporation 1st April, 2004
Address Ministry of Strategy and Finance, Government Complex-Sejong, 477, Galmae-ro, Sejong Special Self-Governing City, 339-012, Republic of Korea
Employees 21 people
(1 Chairman, 11 Civilian committee members, 9 Government committee members)
Web-site http://klc.go.kr/index.bg   (English)

The Korea Lottery Commission (KLC) was established on April 1st, 2004 in accordance with the Lottery and Lottery Fund Act (established and announced on January 29th, 2004), in order to manage all lottery products and to enhance efficiency and transparency in disposing proceeds from lottery sales. The KLC had been placed under the Prime Minister's Office and had been transferred to the Ministry of Strategy and Finance on February 29th, 2008 as part of reorganization of the Korean government.

Legal basis of the establishment of the KLC

Lottery and Lottery Fund Act, Article 13 (Establishment of the Korea Lottery Commission and its functions) [ Amended, Feb. 29, 2008] (1) The Korea Lottery Commission shall be established to perform duties concerning issuance, management, sale of the lottery, distribution and use of lottery proceeds under the jurisdiction of the Minister of Strategy and Finance.

Major functions of the KLC
  • Formulate lottery policies
  • Decide on types and prices of the lottery games, total sales amount of lotteries issued, and conditions of the issuance of lotteries
  • Deliberate on, and adjust the annual plan on lottery issuance
  • Entrust the lottery operation
  • Decide on prize amounts per tier and percentage of prize payouts
  • Decide on matters relating to lottery distribution costs
  • Decide on matters relating to allocation of lottery proceeds and their use
  • Formulate basic policies on lottery fund management, establish and modify lottery fund management plan
  • Deliberate on, and adjust the plan on the use of lottery proceeds
  • Regulate sales of lotteries and lottery advertising
  • Protect lottery players and minors