Lee Jae-woong has a gambling problem. The Daum chief is suspected in a scandal that's rattling the highest levels of South Korea's government and businesses. He's one of fifty suspects ordered to stay in the country pending an investigation of companies that allegedly bribed government officials to allow illegal vouchers to be issued for video gambling games.

When we say "highest levels," we mean it — this week, South Korean Prime Minister Han Myeong-sook Tuesday apologized to the public for the entire situation and promised to fight the rampant illegal gambling now going on at about 14,000 arcades. No word yet on how much trouble this means for Lee Jae-woong or Daum (Korea's leading e-mail provider and owner of Lycos).

PM Apologizes for 'Sea Story' Scandal [Korea Times]

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