Is certainly Gambling in South Korea Illegal?

Gambling is without doubt one of the popular pastimes on the planet. However with its potentially addictive aspect and the social consequences that this may entail it has been deemed illegal in many countries around the globe. As in most of Asia gambling in South Korea is certainly, in principle, illegal. It states 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 use of gambling for a earnings and pieces a punishment of imprisonment for no more than 3 years or perhaps a fine of up to 20 million Won.
This law is not a blanket exclusion of gambling and, in Korea you, you can still gamble under restricted circumstances – an example being for the promotion of tourism. There has also been laws enacted allowing gambling using circumstances.
For example:
a. Casinos
The laws change for foreigners and Korean citizens. As it stands right now the Special Action on the Assistance to the Enhancement of Abandoned Mine Spots allows the running of the only land based gambling house in Korea that Korean citizens may enter. It really is located in Gangwon province, in an abandoned mining district, the remote countryside helping to further restrict admittance for Koreans.
For non-Korean citizens the Tourism Promotion Act offers permission for hotels to operate casinos that only foreign nationals are allowed to enter. Such casinos are running in Seoul, Incheon, Jeju Island and are intensely 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 functioning of and offering of tickets are regulated beneath the Lottery Fund Act.
c. Racing
Horse racing and wagering at the venues is usually permitted beneath the Korean Horse Affairs Association Take action and comes under the jurisdiction of the Ministry of Agriculture and Forestry.

Other race sports may also be legal and regulated, these include cycling and engine boat racing although these both are available beneath the jurisdiction of the Ministry of Traditions and Tourism.
d. Online Gambling
This is currently a gray region as Korea does not have relevant regulations for the specifics of online gambling. Arguments can be made for both sides – for example, the monetary transactions will undoubtedly be taking place outside of Korean jurisdiction so can by no means be at the mercy of 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 apply to general gambling. The National Law enforcement Agency has generated the Criminal Activity Investigation Workforce to greatly help control any potentially unlawful on line activities, including gambling. This definitely implies that it would be ‘considered’ illegal; although at present no cases have been brought to test this.

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