🌟 Best Online Casinos In South Korea 🌟

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South Korea has a significant share of the gambling industry in Asia. Not only does the country offer multiple casino games, but it also has strict rules to it.

So which are the best online casinos in South Korea? Which casino games are available in South Korea? What is the legal gambling age in South Korea? Find all the answers and much more here!

Is gambling legal or illegal in South Korea?

Gambling is a legal recreational activity in South Korea. There are multiple casinos and casino games that you can enjoy gambling. However, there are strict rules that bind many gamblers in the country. For instance, did you know that online gambling from local casinos is prohibited?

Gambling is fixated on the physical casinos, and even though it might seem harsh, there is still a lot to enjoy as a player. Online gambling can only be done on international platforms. Moreover, it is illegal for a South Korean international to gamble while abroad! So if you travel overseas, you should not attempt to gamble or face criminal charges.

As a South Korean citizen, you are only allowed to gamble on only one casino. It is prohibited to gamble in more than one casino.

When was gambling legalized in South Korea?

Gambling was legalized in South Korea in 1995, which done employing a particular law. That gave birth to the first establishment with a remarkable number of slot machines and tables for a startup.

Nonetheless, online gambling in South Korea is strictly prohibited under the nation’s law. This move was made effective as of 20th November 2011, which led to the shutdown of online gambling services within the borders.

Which is the legal age to gamble in South Korea?

The legal gambling age in South Korea is 18 years old. At this age, you are entitled to participate in as many casino games as you’d wish to.

Are gambling dens legal In South Korea?

You are only allowed to gamble on the legally established casinos in South Korea. Any attempt to gamble under unauthorized and unlicensed operators is punishable. According to Article 246 of the Criminal Code, a South Korean citizen is subject to a fine of KRW 5 million ($4,370) if associated with illegal gambling.

Nevertheless, gambling out of momentary pleasure is allowed by law, and you won’t be charged for that. But these activities are still supposed to follow the law and do right by the books.

Best South Korean online casinos

As of 20th November 2011, all South Korean online casinos were closed as directed by the government. However, you can still enjoy online gambling on other international platforms, although it comes with many regulations and charges. This is a means to discourage players from proceeding with online gambling in the country.

What casino games can you play in South Korea?

As mentioned earlier, there are many casino games available in South Korea. Some of the alternatives you can select include Baccarat, Roulette, Blackjack, 3-Card Poker, Slots, War, Craps, and the Caribbean Hold’em Poker.

Some of the online casinos you can enjoy from international online casinos include Live dealer, Keno, Sic BO, horse racing, dog racing, boat racing, cycling, lotteries, and scratch tickets.

South Korean slang for gambling

If you want to sync in well with the citizens and blend in perfectly during casino games, you ought to learn a few slang to help you communicate better. Some of the South Korean gambling slang includes

대박 (dae-bak) – jackpot or awesome
콜 (kol) – I’m in or sure
아싸 (ah-SSA) – yay! Or oh, yeah!
만렙 (man-leb) – being excellent in something
비번 (bee-box) or 암호 (am-ho) – password
불금 (bool-geum) – TGIF
파이팅 (painting) or 화이팅 (hwaiting) – c’mon! Or you can do it!
The pronunciation might be a challenge, but it’s something you’ll get the hang of as days to pass by.

Popular South Korea gambling banking options

You can deposit or withdraw to your online casino’s account through bank transfers. Most of the banks in South Korea allow this at a fee! Prepaid vouchers are also an alternative for funding your online casino account, but the method is not always guaranteed. MasterCard and Visa is another option as well as e-wallet Skrill and Neteller.

What currencies are used for South Korean gambling?

The primary currency used for local gambling in South Korea is South Korean Won. Considering its value against the US dollar, most international online casinos prefer to use either the US Dollar, UK Sterling Pound, or EURO.

What is the highest casino win in South Korea?

The highest casino win recorded in South Korea is KRW 966 million ($854,000). This was a jackpot won by a 31-year-old Taiwanese tourist at Paradise Casino Jeju.

Are there any welcome bonuses on online casinos in South Korea?

One of the benefits of online casinos available in South Korea is awarding of bonuses. You can redeem them upon registration for an account and depositing of funds. However, conditions differ with the platform. You can also enjoy free spins, reliable payment methods and excellent customer support.

Do I have to pay taxes for gambling in South Korea?

Under South Korea’s Tourism Promotion Act, every casino owner and operator must pay a biannual tax of about 10% of the total sales. This cash is directed to the Tourism Promotion Development Fund. Gamblers are not liable for any taxes. However, those who play online gambling are charged fees for money transactions during deposits and withdrawals.

Is gambling a problem in South Korea?

Did you know that 98.5% of reported teenage cases were related to online gambling? Gambling is a problem in South Korea, and data from Korea Center on Gambling Problems clarifies that. In 2019, 60.4% of teenage patients received sports gambling-related treatment, and 34.6% got mini-games gambling-related treatment.

Support for gambling addiction in South Korea

Gambling addicts or friends and family of such individuals in South Korea should seek the necessary assistance from the experts. You can reach out to the Korea Center for Gambling Problems for professional help.

Who regulates gambling in South Korea?

Through Sports betting in South Korea and Korea Racing Authority, the South Korean government regulates the gambling activities in the country. These bodies come up with the policies and rules to regulate and balance the gambling activities in South Korea.

What are the measures taken by South Korean government to control gambling?

The selective shutdown policy is the greatest one, for it shut enforced the closure of all the online casinos in the county. High taxes on casinos in South Korea also negatively influence any emerging casinos from surviving in the industry. There are also harsh fines for anyone who break the rules on gambling regulations.

Online casino guide for South Korean players

The only way you can participate in online gambling is by opting for international online casinos. This move should begin with thorough research on the best online casinos available then going for one. Sign up for an account, deposit more funds and start gambling.

Summary

Gambling in South Korea is a legalized activity. There are multiple casino games to enjoy, but there are restrictions of laws by the government. However, you can still legally play by the rules if you do the right things to avoid defiling the policies.