Is usually Gambling in South Korea Illegal?

Gambling is without doubt just about the most popular pastimes on earth. However with its potentially addictive character and the social consequences that this may entail it has been deemed illegal in lots of countries around the world. As in most of Asia gambling in South Korea is definitely, in principle, illegal. It claims in the Criminal Act, Article 246 that anyone who gambles or bets for the 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 models a punishment of imprisonment for only 3 years or perhaps 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 conditions – an example being for the promotion of tourism. There has been laws enacted allowing gambling in certain circumstances.
For example:
a. Casinos
The laws range for foreigners and Korean citizens. As it stands at the moment the Special Take action on the Assist with the Advancement of Abandoned Mine Regions allows the running of the only land based gambling house in Korea that Korean residents may enter. It is located in Gangwon province, within an abandoned mining district, the remote countryside assisting to further restrict gain access to 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 operating in Seoul, Incheon, Jeju Island and so are heavily supervised by the Ministry of Tradition and Tourism.

b. Lotteries
There are 2 lotteries available to Korean residents 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 certainly permitted beneath the Korean Horse Affairs Association Work and comes beneath the jurisdiction of the Ministry of Agriculture and Forestry.
Other race sports may also be legal and regulated, included in these are cycling and electric motor boat racing although these both appear beneath the jurisdiction of the Ministry of Culture and Tourism.
d. Online Gambling
This is currently a gray place as Korea does not have relevant laws and regulations for the specifics of online gambling. Arguments could be designed for both sides – for example, the monetary transactions will 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 be seized by anyone. Nevertheless the end user is still in Korea so may be at the mercy of the national laws that connect with general gambling. The National Police Agency has generated the Criminal Activity Investigation Team to help control any potentially unlawful on the net activities, including gambling. This surely implies that it could be ‘considered’ illegal; although at present no cases have been taken to test this.

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