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Korea Company Penalized for Online Gambling Operation

9 January 2004

SOUTH KOREA – As reported by the Korea Herald: "A South Korean company lost its status as an inter-Korean business last month after it was found to be engaged in an online lottery and gambling operation run by a North Korean state company, government officials said yesterday.

"…Hoonnet, a South Korean online game and software developer, was granted inter-Korean business status in December 2001 and has been working together with its North Korean business partner Jupae…"

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