Is usually Gambling in South Korea Illegal?

Gambling is without doubt one of the popular pastimes on earth. However using its potentially addictive character and the social consequences that may entail it has been deemed illegal in lots of countries around the globe. As generally in most of Asia gambling in South Korea is, in principle, illegal. It declares in the Criminal Act, Content 246 that anyone who gambles or bets for the intended purpose of gaining property shall 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 earnings and pieces a punishment of imprisonment for only 3 years or a fine of up to 20 million Won.
This law is not a blanket exclusion of gambling and, in Korea you, it is possible to still gamble under restricted circumstances – an example being for the promotion of tourism. There has also been laws enacted allowing gambling in certain circumstances.
For example:
a. Casinos
The laws fluctuate for foreigners and Korean citizens. As it stands at the moment the Special Take action on the Assist with the Expansion of Abandoned Mine Regions allows the running of the only land based gambling house 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 Action offers permission for hotels to operate casinos that only overseas nationals are allowed to enter. Such casinos are currently running in Seoul, Incheon, Jeju Island and so are heavily 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 can be permitted under the Korean Horse Affairs Association Take action and comes beneath the jurisdiction of the Ministry of Agriculture and Forestry.
Other race sports may also be legal and regulated, these include cycling and electric motor boat racing although these both occur beneath the jurisdiction of the Ministry of Tradition and Tourism.
d. Online Gambling
This is currently a gray location as Korea doesn’t have relevant laws and regulations for the specifics of online gambling. Arguments can be made for both sides – for example, the monetary transactions will be taking place outside of Korean jurisdiction so can by no means be subject to Korean law, hence it is extremely unlikely that your money will undoubtedly be seized by anyone. Nevertheless the end user is still in Korea so may well be subject to the national laws that apply to general gambling. The National Police Agency has established the Criminal Activity Investigation Team to greatly help control any potentially unlawful on-line activities, including gambling. This absolutely implies that it might be ‘considered’ illegal; although at the moment no cases have been taken to test this.

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