Ministry of Economy and Finance Lottery Commission to Select 5th Term Operators Within the Year...Pre-briefing Session on the 1st of Next Month

[Asia Economy Sejong=Reporter Son Seonhee] The government has initiated the selection process for the 5th lottery consignment operator. A preliminary briefing session will be held on the 1st of next month, with plans to complete the process early within the year.

The Ministry of Strategy and Finance's Lottery Commission stated in a press release on the 25th, "To secure a preparation period for stable handover and execution of new tasks for the 5th term project, we plan to complete the selection of the 5th term operator early." According to the Lottery and Lottery Fund Act, private consignment operators are selected every five years to manage the lottery business. The contract period with the 4th term lottery consignment operator, Donghaeng Lottery, is scheduled to end on December 31, 2023.

The government is currently reviewing institutional improvements for the lottery business and conducting cost analysis services by specialized agencies as part of the operator selection process. The Lottery Commission Secretariat plans to hold a preliminary briefing session to enhance fairness and transparency in the selection process. The briefing will take place at 3 p.m. on the 1st of next month at the Korea Press Center in Jung-gu, Seoul. Organizations, corporations, or individuals wishing to undertake the lottery consignment business are eligible to attend.

The Lottery Commission stated, "We plan to thoroughly review the opinions presented at the preliminary briefing," and added, "We hope that many companies interested in bidding for the 5th lottery project will participate with great interest."

This content was produced with the assistance of AI translation services.