Is Gambling In South Korea Illegal?

All it takes sometimes it a person that has a need to hide online, maybe from pears at work or students at school, no one really knows why these people throw themselves in World of Warcraft. Other news saw what appears to be the end of Caesars quest for an IR in the country and a reaffirmation of Las Vegas Sands Corp's desire to build a mega-resort and casino in Busan The company says it would invest as much as KRW12 trillion (US$10.8 billion) if the government were to allow local citizens access to the facilities.
Unlike Cambodia, which relies heavily on Chinese aid, the Philippines' more diverse economy gives the government freedom to choose its own path, said 온카 Alvin Camba, a doctoral candidate at Johns Hopkins University who has researched Chinese investment in Southeast Asia and the online gaming industry.

However, the future revenues of these gambling houses are under question since the restrictions for locals to participate in the games of chance and high competition among Asian countries for gambling tourists makes it difficult for them to quickly become profitable.
According to Article 246 of the Criminal Code, a South Korean person, who gambles using the services of unlicensed operators (online and offline alike) is punishable by a fine of up to KRW 5 million ($4,370) or a minor fine, but gambling which is just for momentary pleasure is exempted”.

The "Coins" feature on Facebook games is an example of this - sometimes, game play is not affected by these items and they are only for the people who want bragging rights, but usually they do affect the game and give great advantages to those willing to pay for them.
Local residents can even be prosecuted when playing abroad so that these are only reputable online casinos Korea players can safely gamble at. Being a local online gambling authority Korea National Gambling Control Commission monitors the implementations of these laws.

Casino gambling in North and South Korea is like a doughnut in a bakery — only the visitors can taste it. The countries do not allow their residents to participate in gambling activities provided by casino establishments, and they only provide gaming services to foreign visitors.
Jail sentences, fines and scandals do not interfere with the development of online gambling in South Korea. Total images 439 Last several, Korea Online Gambling Laws. The South Korean Won (KRW), the Japanese Yen (JPY), the Euro (EUR), the Chinese renminbi (CNY), the Australian dollar (AUD), the New Zealand dollar (NZD) and the US dollar (USD) are accepted too.
She said her task was to send as many e-mails as possible to entice people to enter a website that is suspected to be a Korean online gambling site. Total gaming revenue is now available for the years up to 2013 showing GGR of US$2,647,511,000 for 2013 comprising $1.37b generated in the 16 foreign only casinos and $1.28b occurring at Kangwon Land.