Will be Gambling in South Korea Illegal?

Gambling is without doubt just about the most popular pastimes on earth. However with its potentially addictive nature and the social consequences that may entail it has been deemed illegal in lots of countries around the world. As generally in most of Asia gambling in South Korea will be, in principle, illegal. It declares in the Criminal Act, Document 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 location for the usage of gambling for a revenue and pieces a punishment of imprisonment for only 3 years or a fine as high as 20 million Won.
This law isn’t a blanket exclusion of gambling and, in Korea you, it is possible to still gamble under restricted instances – an example being for the promotion of tourism. There has also been laws enacted allowing gambling using circumstances.
For example:
a. Casinos
The laws fluctuate for foreigners and Korean residents. As it stands right now the Special Take action on the Assist with the Development of Abandoned Mine Locations allows the running of the only real land based gambling house in Korea that Korean citizens may enter. It really is located in Gangwon province, within an abandoned mining district, the remote countryside helping to further restrict gain access to for Koreans.
For non-Korean citizens the Tourism Promotion Take action offers permission for hotels to use casinos that only overseas nationals are permitted to enter. Such casinos are working in Seoul, Incheon, Jeju Island and are intensely supervised by the Ministry of Traditions and Tourism.
b. Lotteries

There are 2 lotteries open to Korean citizens the Lotto and the Toto ( a sports lottery). The operation of and selling of tickets are regulated under the Lottery Fund Act.
c. Racing
Horse racing and gambling at the venues is definitely 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, included in these are cycling and electric motor boat racing although these both come under the jurisdiction of the Ministry of Lifestyle and Tourism.
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d. Online Gambling
This is currently a gray location as Korea does not have relevant laws and 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 very unlikely that your money will undoubtedly be seized by anyone. Nevertheless the end user is still in Korea so may well be at the mercy of the national laws that connect with general gambling. The National Law enforcement Agency has established the Criminal Activity Investigation Group to help control any potentially unlawful on the net activities, including gambling. This surely implies that it could be ‘considered’ illegal; although at the moment no cases have been taken to test this.

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