Is definitely Gambling in South Korea Illegal?

Gambling is without doubt one of the popular pastimes on the planet. However using its potentially addictive dynamics and the social consequences that may entail it has been deemed illegal in many countries all over the world. As in most of Asia gambling in South Korea will be, in principle, illegal. It claims in the Criminal Act, Post 246 that anyone who gambles or bets for the purpose of gaining property shall be punished by a fine as high as 5 million Won. Article 247 prohibits the opening of a location for the usage of gambling for a earnings and models a punishment of imprisonment for no more than 3 years or perhaps a fine of up to 20 million Won.
This law isn’t a blanket exclusion of gambling and, in Korea you, it is possible to still gamble under restricted conditions – an example being for the promotion of tourism. There has also been laws enacted allowing gambling using circumstances.
For example:
a. Casinos
The laws vary for foreigners and Korean citizens. As it stands right now the Special Action on the Assist with the Enhancement of Abandoned Mine Places allows the running of the only land based internet casino in Korea that Korean residents may enter. It really is located in Gangwon province, within an abandoned mining district, the remote countryside helping to further restrict admittance for Koreans.
For non-Korean citizens the Tourism Promotion Take action offers permission for hotels to use casinos that only overseas nationals are allowed to enter. Such casinos are operating in Seoul, Incheon, Jeju Island and are greatly supervised by the Ministry of Way of life and Tourism.
b. Lotteries
There are 2 lotteries open to Korean citizens the Lotto and the Toto ( a sports lottery). The operation of and promoting of tickets are regulated under the Lottery Fund Act.
c. Racing
Horse racing and wagering at the venues is permitted beneath the Korean Horse Affairs Association Act and comes under the jurisdiction of the Ministry of Agriculture and Forestry.
Other race sports may also be legal and regulated, included in these are cycling and motor boat racing although these both occur under the jurisdiction of the Ministry of Customs and Tourism.
d. Online Gambling

This is currently a gray area as Korea does not have relevant regulations for the specifics of online gambling. Arguments can be made for both sides – for instance, the monetary transactions will undoubtedly be taking place outside of Korean jurisdiction so can in no way be at the mercy of Korean law, hence it is extremely unlikely that your money will undoubtedly be seized by anyone. Nevertheless the end user continues to be in Korea so may be at the mercy of the national laws that apply to general gambling. The National Law enforcement Agency has established the Criminal Activity Investigation Staff to help control any potentially unlawful on-line activities, including gambling. This definitely implies that it could be ‘considered’ illegal; although at present no cases have been brought to test this.

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