Will be Gambling in South Korea Illegal?

Gambling is without doubt one of the most popular pastimes on earth. However with its potentially addictive characteristics and the social consequences that this may entail it has been deemed illegal in many countries around the world. As in most of Asia gambling in South Korea is certainly, in principle, illegal. It says in the Criminal Act, Document 246 that anyone who gambles or bets for the purpose of gaining property will be punished by a fine as high as 5 million Won. Article 247 prohibits the opening of a location for the use of gambling for a earnings and sets a punishment of imprisonment for no more than 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, you can still gamble under restricted conditions – a good example being for the promotion of tourism. There has been laws enacted allowing gambling using circumstances.
For example:
a. Casinos
The laws vary for foreigners and Korean residents. As it stands at the moment the Special Action on the Assistance to the Progress of Abandoned Mine Locations allows the running of the only real land based casino 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 access for Koreans.
For non-Korean residents the Tourism Promotion Work offers permission for hotels to use casinos that only overseas nationals are allowed to enter. Such casinos are currently working in Seoul, Incheon, Jeju Island and are greatly supervised by the Ministry of Lifestyle and Tourism.
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b. Lotteries
There are 2 lotteries available to Korean citizens the Lotto and the Toto ( a sports lottery). The operation of and providing of tickets are regulated under the Lottery Fund Act.
c. Racing
Horse racing and wagering at the venues can be permitted beneath the Korean Horse Affairs Association Act 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 motor boat racing although these both occur under the jurisdiction of the Ministry of Traditions and Tourism.
d. Online Gambling
That is currently a gray area as Korea doesn’t have relevant 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 by no means be at the mercy of Korean law, hence it is very unlikely that your money will undoubtedly be seized by anyone. However the end user continues to be in Korea so may well be at the mercy of the national laws that apply to general gambling. The National Police Agency has generated the Criminal Activity Investigation Workforce to help control any potentially unlawful on-line activities, including gambling. This undoubtedly implies that it could be ‘considered’ illegal; although at the moment no cases have been brought to test this.