Guide to Gambling in South Korea

South Korea is one of the richest countries in the world from its standards of living to its strong economy. Needless to say, Korean enjoy a large degree of leisure time and freedom with money to spend! However, while popular, gambling laws are strict leading to many people asking about the legalities of Gambling in South Korea. Our Guide to Gambling in South Korea provides everything there is to know about casinos and sports betting in Korea.

Historically speaking, gambling has always been a popular pastime in Korea from betting on sports to betting on board games. However, the laws in the country have not been so friendly to gamblers in the past. Today, the gambling laws in Korea are becoming better but they are still strict from a gambler’s point of view.

Is Gambling Legal in South Korea?

Is Gambling Legal in South Korea?Yes, Gambling in south Korea is the short and simple answer to that question. The more complex answer is that it is legal for foreigners who can go to foreigners-only casinos.  Gambling for foreigners is big business in South Korea. Furthermore, they have 16 casinos in Korea for foreigners only.

However, the law is different for Korean looking to bet on sports. Koreans, they are only able to physically bet on sports or play casino games at the Gangwon Land Casino. One of the disadvantages Korean have when it comes to sports wagering are the betting options. This is because they can only use Sports Toto or and Sports Proto. Sports Toto is a type of pari-mutuel betting while Sports Proto only has fixed odds. Needless to say, this limits the type of bets a Korean can place on sports.

In addition, gambling anywhere else is illegal for them. In fact, they are also not able to bet on sports even while they are in a foreign country. Thankfully for them, the law is not so clear when it comes to online gambling at online casinos or sportsbooks.

Online Gambling in South Korea

The gambling laws in South Korea are not clear when it comes to Korean betting on the internet. The only law that pertains to online casinos and gambling is that online gambling companies are illegal in the country. This means that an iGaming company cannot be physically present in the country.

On the other hand, it means that by using a VPN, Korean gamblers are able to bet online. Thus, it is fairly common to have Korean players bet online with offshore sportsbooks and casinos. According to the Guide to Gambling in South Korea,  one of the most popular online sportsbooks include VOBET as they offer their gambling service in Korean.

Gamble Online with VOBET, the most popular sportsbook in Korea

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