Won the Lottery but Forgot? Now Automated Payouts via App

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Unclaimed lottery winnings last year totaled a staggering 58.1 billion won.

Most of the unclaimed money consisted of fourth-place prizes of 50,000 won and fifth-place prizes of 5,000 won.

Until now, it was impossible to verify the identity of buyers holding physical lottery tickets purchased at retail stores, meaning funds were reverted to the state if winners failed to claim them in person within one year.

Moving forward, registering lottery tickets on an app will allow people to receive their winnings automatically.

Starting on August 18, if you register your purchased lottery tickets in the My Lottery Wallet menu newly added to the simple payment app Payco, you will not only receive notifications regarding winning results but also have your prize money automatically deposited according to the deadline.

Prizes of 2 million won or less will be paid out as Payco points, while amounts exceeding 2 million won will be transferred to a registered account after identity verification.

However, even when tickets are electronically registered, payouts via physical tickets take priority, so you must take care not to lose or have your physical lottery tickets stolen.
※ Please note: This article was translated by AI and may contain errors.