June 17th 2008 09:18 am

Online Gambling in South Korea

During the past few years online casino gambling has just swept the world over, taking operators and players by storm. South Korea is not the only of those places where in spite of the illegality of internet casino gambling, there is a stable growth in the quantity of online casino players.

According to the BBC news report of 2002, the gaming addiction was attributed to South Koreans that involved more than 10 million internet subscribers at that time. Nowadays, in accordance with the South Korea Cultural Information Centre more than 7 percent of the country’s population is addicted to internet gambling, in addition to several millions who play regularly in free time.

The online casino gambling is strictly unlawful in South Korea; exactly this fact makes these numbers so considerable. South Koreans could make their internet casino gambling industry so successful in spite of its illegality with the help of a points system, whereby gamblers play online utilizing points by means of an avatar which is bought, and after that they sell them to new gamblers for real money in order to keep on the account. The South Korean online casinos themselves don’t offer cash prizes or jackpots apart from mere points, therefore they don’t break any country’s laws.

The government of South Korea is eager to punish those who break online gambling laws, yet it is becoming all the time more difficult because swarms of South Koreans are contributing. Maybe, it is time for the government to revise its position on online casino gambling?

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