The South Korean government prohibited gambling houses in South Korea until 1967. Only then were games of chance permitted in large hotels, and only tourists can join. Today, there are several casinos in the country. The only one that allows South Koreans to play is the Kangwon Land casino, which became a monopoly in 2000. It is one of the most profitable gambling houses worldwide even though it is in a remote region of South Korea. Forbes included it on its list of 2,000 biggest public companies.
Only online casinos based in foreign countries can operate in South Korea. They believe that South Koreans are more prone to addiction than foreigners. The government had Kangwon Land casino shut two hours earlier each day. It was to reduce problem gambling. Local residents who play abroad got prosecuted. They can only rely on online casinos if they want to play. There are plenty of Korean operators without a proper online gambling license. Many of them got arrested in China, Thailand, and The Philippines.
South Koreans cannot play casino games at a South Korean casino except at the Kangwon Land. They can only make do with lotteries and sports betting. Betting on animals, like traditional bullfighting and horse racing, are also legal here. There are respective government departments assigned to each.
Future of online casinos in South Korea
The popularity of virtual games keeps on rising. Today, there is no more gap between video game companies and web/land-based casinos. Technology keeps on evolving each day. It would not be surprising that the best online casinos for South Koreans will be even better in the future. There would be more live dealer options. Those who prefer human beings to digital algorithms will appreciate the game more.
There are more payment methods available today. Every decent online casino offers various methods of how you can top-up your account. South Koreans can deposit and withdraw their winnings with more ease. A lot of online casinos now accept KRW.
How to choose an online casino in South Korea
There are hundreds and thousands of online casino sites. It is crucial to choose a certified and licensed site to avoid any trouble. You have to consider many things when selecting the best online casino for South Koreans.
Checking the jurisdiction that issued the license is the first thing to check. Reputable gambling jurisdictions ensure the safety of casino sites. Another vital thing to check is the accepted payment methods. Software quality and customer support also have the same importance.
Licenses. South Koreans can play at online casinos that received licenses from certain jurisdictions. These include Gibraltar, Kahnawake, Curaçao or Antigua and Barbuda. These top-rated 메이저 사이트 목록 are often safe and secure. The most ideal sites are those with licenses from Isle of Man, Malta, Alderney, or the United Kingdom. These sites are under monitoring to ensure the algorithms are not skewed in favor of the house. The financial balance is also kept in check to make sure of its proper management. It provides a safer and more secure gaming environment.
Software. The software used by the platform is also something you should check out. It is best to choose those that use internationally-acclaimed softwares. NetEnt, Playtech, and Microgaming offer top-notch graphics.
Customer service. Having customer service available 24/7 will let you enjoy the game better. It would give you the assurance that help is around the corner if ever you would be needing one. It would be even better if it supports the language you prefer. Communication would be easier this way.
Bonuses. There are a lot of bonuses offered by various online casinos. Check all the information before you grab anything. There can be time limits imposed and such. Read everything and check if you are eligible to claim the bonus. Bonus terms and wagering requirements should be easy to find and understand.
Payment methods. It is ideal to choose an online casino that offers various payment methods. You can deposit and withdraw your winnings easier with more options available. A lot of online casinos provide secure ways to transfer money. Consider which will suit you best.
There are free games to try for fun and practice. No real money is at stake so you can feel free to enjoy the game.