Will be Gambling in South Korea Illegal?

Gambling is without doubt the most popular pastimes on the planet. However with its potentially addictive aspect and the social consequences that this may entail it’s been deemed illegal in lots of countries around the globe. As generally in most of Asia gambling in South Korea will be, in principle, illegal. It declares in the Criminal Act, Write-up 246 that anyone who gambles or bets for the intended purpose of gaining property will be punished by a fine of up to 5 million Won. Article 247 prohibits the opening of a place for the use of gambling for a revenue and sets a punishment of imprisonment for no more than 3 years or a fine as high as 20 million Won.
This law isn’t a blanket exclusion of gambling and, in Korea you, you can still gamble under restricted instances – a good example being for the promotion of tourism. There has been laws enacted allowing gambling using circumstances.
For example:
a. Casinos
The laws range for foreigners and Korean residents. As it stands at the moment the Special Work on the Assist with the Development of Abandoned Mine Areas allows the running of the only real land based casino in Korea that Korean citizens may enter. It really is located in Gangwon province, within an abandoned mining district, the remote countryside assisting to further restrict entry for Koreans.
For non-Korean residents the Tourism Promotion Act offers permission for hotels to use casinos that only overseas nationals are permitted to enter. Such casinos are running in Seoul, Incheon, Jeju Island and so are intensely supervised by the Ministry of Tradition and Tourism.
b. Lotteries

There are 2 lotteries open to Korean citizens the Lotto and the Toto ( a sports lottery). The operation of and offering of tickets are regulated beneath the Lottery Fund Act.
c. Racing
Horse racing and gambling at the venues is certainly permitted under the Korean Horse Affairs Association Act and comes beneath the jurisdiction of the Ministry of Agriculture and Forestry.
Other race sports are also legal and regulated, these include cycling and engine boat racing although these both arrive under the jurisdiction of the Ministry of Traditions and Tourism.
d. Online Gambling
This is currently a gray spot as Korea doesn’t have relevant laws for the specifics of online gambling. Arguments can be made for both sides – for instance, the monetary transactions will undoubtedly be taking place beyond Korean jurisdiction so can in no way be subject to Korean law, hence it is extremely unlikely that your money will undoubtedly be seized by anyone. However the end user is still in Korea so may be subject to the national laws that connect with general gambling. The National Law enforcement Agency has generated the Criminal Activity Investigation Crew to help control any potentially unlawful online activities, including gambling. This certainly implies that it could be ‘considered’ illegal; although at the moment no cases have been taken to test this.

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