
South Korea has some of the strictest gambling laws in Asia, but it seems that online gambling is too difficult of a problem for them to take on. Video gaming is immensely popular in South Korea among the youth, and it is well known that minors place bets against others on the outcome of the games. The Korean government has a policy that any licensed business that is found to be supplying illegal online gambling via their web site will lose their license to operate after the third offense. More than twenty licenses were revoked for illegal online gambling activities in 2010.
Online gambling is illegal in South Korea but it has been difficult for law enforcement to go after offshore gambling operators that accept Korean players. Their is only one land-based casino in South Korea that accepts the locals, while the majority of casinos cator directly to foreign visitors. Their was a major crackdown on online gambling in 2007, but legal experts believe that the government is no longer willing to invest any extra time or manpower on illegal gambling.
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