Gambling in South Korea is expanding, and one can notice an increase in popularity. Unfortunately, the gambling laws does not help as they are very strict with Korean residents. The existing land-based casinos can operate, but they are only allowed to accept foreigners to enter. There is one casino establishment which is popular with the local Koreans. Nonetheless, Koreans can still gamble at foreign casino sites with limitless wagers and hundreds of games to choose from.
Read MrCasinova’s guide below for more insight on South Korean Online Casinos!
Casino sites that try and attract South Koreans will boast their website, offer the most popular slots, table games, promote their efficient customer support, as well as their bonuses and promotions. Our team is here to provide you with an unbiased insight of South Korean casino sites.
South Korea has a long and complicated history, dating back to when Korea was split in two, the North and the South.
➡️ As the World War II ended, gambling started to gain popularity within the Korean culture, and so did the government regulations. The legislation was set that Koreans could not bet either in or outside of the country. Through the 1900s, the only forms of legal gambling included betting on horse races, boat racing, lottery and cycling.
➡️ Until the 1967, casinos were completely banned. Then, a number of hotels were given the permission to start offering casino games such as slots and table game. However, Koreans were not allowed to visit and participate in these games.
➡️ Then, the Sports Toto was formed, which was completely owned and regulated by the government. This organization enabled Koreans to make sports bets legally. However, one could only bet physically and only to a limit of KRW 100,000 which is equivalent to $100.
This is the reason why South Koreans are very enthusiastic about online gambling, as they are able to go all out and play their money with limited or no restrictions. Although the country’s government tries to block casino sites, operators have managed to reach the citizens. The government does not seem to be changing their minds any time soon and therefore, no to minimal change will occur when it comes to the legislation. For now, Korean citizens will have to stick to betting at Sports Toto or the alternative off-shore casinos.
South Korea Laws & Regulations
The regulations in South Korea are considered to be complicated and confusing. Gambling is illegal and since the government did not emphasizes on the types of casino, even online sites are prohibited. The only legal land-based casino available for South Korean citizens is the Kangwon Land Casino and Hotel. To improve their economy, they have opened more than 23 land-based casinos across South Korea which are open only for tourists. When it comes to online casinos, these are considered illegal. All Korean organisations who have tried to offer such services, have been quickly shut down by the Korean government. Any citizen which is illegally caught gambling can be fined up to 5 million RKW, which is equivalent to $4,400. However, the government is more interested in catching those who offer the services rather than the individual playing. The government aims to stop them by blocking their IP or reduce their connection speed. Nonetheless, some still manage to deposit and play at casinos through VPN softwares.
One thing that is considered legal in South Korea is offline sports betting. The organisation Sports Toto, allows players to bet legally on games, including:
Bonuses at South Korea Online Casinos
South Koreans can also benefit from bonuses. One can pick from a wide variety of different promotional offers. However, one must not forget to read the wagering requirements properly as well as the terms and conditions.
Types of Bonuses
This is offered to new members as soon as they deposit for the first time.
Some might give you a number of free spins as soon as you sign up with the casino. All winnings accumulated from your spins will be converted in bonus cash that needs to later on be wagered.
No Deposit Bonus
You will receive this bonus by simply signing up and without having to deposit any of your money. However, this bonus comes with very high wagering requirements and other limitations.
Reload and Cashback Bonus
This bonuse will provide you with some money in your account after a loss. This can be at the end of the day, week or month.
Mobile Casinos in South Korea
The advancements in technology, brought along a rise in mobile phone usage. Online casinos quickly adapted to this changed and offered mobile-friendly casino sites and apps. Users of different devices including iOS, Android, Blackberry and Windows can enjoy their favourite casino game whenever and wherever they are. In South Korea, technology development is high with 70% mobile phone penetration. This means that over 35 million citizens own such device. They also have 4G and 5G coverage which ensures stable connection.
Most Popular Games Available
Different individuals have different preferences when it comes to casino games. All of the usual casino staples are popular with South Koreans. These games are usually all offered at any typical casino site. Each game will offer its very own unique benefits and features. The most popular would include:
🌟 The most popular casino games amongst South Korean players
South Korea Online Casinos FAQ
💡 Is it safe to play at online casinos in South Korea?
This might not be completely legal according to the South Korean law, however the government does not do anything about it. The casinos need to be based outside the country. The law rarely prosecuted anyone for wagering online.
💡 Can I play free games at South Korean casinos?
Absolutely. Many games are offered for either real money or as a demo version. The demo version is completely free, available for you to try and test the games out. This is a great way to discover new games.
💡 Are there any bonuses when playing at South Korean casino sites?
Of course. The competition out there is very strong, and therefore, a casino site must offer the best possible bonus available. There are a number of different types of bonuses you can choose from.
💡 Do I need to pay any fees when withdrawing?
You might be charged with a small fee when withdrawing money from a casino site. However, the fee is usually minimal.
With years of experience in the gambling industry, Sarah is knowledgeable in the field of the casino world. She is responsible for most of the content that is written on MrCasinova and her main goal is to provide casino players with the best information and recommendations to help users enhance their experience. Recently, Sarah graduated with a Professional Diploma in Digital Marketing.
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