Online Casinos in South Korea
Most forms of gambling had been prohibited until recently when the ban was lifted in 2000 to boost the economy. Several land-based casinos opened since then, though the market is mostly for foreigners, as locals are only authorized to gamble in one gambling house, in Kangwon Land. According to online casino news sites in South Korea, Chinese tourists are the main target of South Korean casinos, helping to increase revenues. But due to the limited access, South Koreans usually use online casino sites in South Korea.
|Are online casinos legal in South Korea?||No.|
|Are casino sites in South Korea trustworthy?||Yes.|
|Can I deposit via Neteller/Samsung Pay/Skrill?||Yes.|
|Do online casino sites accept KRW?||Yes.|
Online Casino Laws in South Korea
The South Korean gambling laws are very strict and operators are still not allowed to offer online casino games, according to the Game Industry Promotion Act (GIPA). Therefore, gamblers usually access international online casino sites that are based elsewhere.
The authorities do not have jurisdiction in those cases, which means gamblers are not prosecuted. Moreover, some of those platforms, such as 22BET Casino, target South Koreans by offering their pages in South Korean and offering several opportunities that include South Korean online casino bonuses and online casino promotions in South Korea.
Online Casino Payment Methods in South Korea
There are several payment methods available when depositing and withdrawing winnings. Of course, so that operators keep providing gamblers with safe and fair environments, every money transaction must be transparent and reliable. In this way, the credit and debit cards of VISA and MasterCard are usually accepted. But there are also alternatives that are as efficient and reliable. These include Skrill, Neteller, PayPal, Samsung Pay. For more information, consult the online casino reviews directory in South Korea.
Online Casino Sites Accepting KRW
Despite the laws, the South Korean market is still very important. Hence, operators try to appeal to gamblers, namely by offering online casino sites accepting KRW. This means that they are exempt from conversion fees and are able to control better their accounts.