Articles About Yeongjong Island

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South Korean Gambler told there is No Need to Re-pay Gambling Loan

South Korean Gambler told there is No Need to Re-pay Gambling Loan

Rab April 10, 2014 15:44:56

The Seoul Central District Court has ruled that a gambling loan of over $10,000 doesn’t need to be repaid, since it was lent for gambling activities. The South Korean court decided that there was no requirement to repay the loan on the grounds of moral standards and social ethics. Judge Shim Chang-seop said: “money purposely […]

Seoul Gives Nod to Casino Project

Seoul Gives Nod to Casino Project

March 20, 2014 15:03:07

The free economic zone of Yeongjong is being built up to cater to Chinese and Japanese travelers. The Korean Times reported that the South Korean government is about to issue a license for a mega casino project in Yeongjong Island. The project was proposed by LOCZ, a consortium of Caesar’s Entertainment and the Lippo Group, […]