South Korea Casinos Online
When wanting to play in an online casino Korea residents have plenty of opportunities to choose from. But when it comes to offline and online gambling Korea government holds a strict policy aimed to mitigate addiction. There is literally one sole land-based gambling house in the whole world situated in the province of Kangwon where Koreans can relatively freely enjoy the games of chance. Even when gambling abroad they can be arrested.
That is why one should be very attentive when looking for Korea casino sites. When choosing the best online casino Korea residents should follow expert recommendations.
An optimal payment method for South Korean online casino platforms is a thing to be careful about. It is remarkable that today in an online casino Korea real money (i.e. KRW), as well as different kinds of cryptocurrencies, can be accepted.
Below you will find information how to find the best online casinos for Korea players.
Best Online Casino accepting players from South Korea
Online Casino Sites in South Korea
Throughout all Korea online casinos are becoming more popular due to the fact that there is only one casino in this the country where local residents can gamble. However, most of the casino games including roulette, blackjack and online slots Korea residents can also play on the web.
Although there is no officially certified internet casinos in Korea, local players can find a lot of websites operating overseas. Even in the biggest South Korea casino online versions of its slots and games are not available.
Today there are hundreds and thousands of gambling websites operating in the Internet, but due to strict anti-gambling legislation which had been adopted in this country, Korea friendly online casinos which are safe to play for local residents are not that common. One has to make a thorough research to find them. Fortunately, we have conducted it for you and found out that these are Dafabet, Bodog88 and 888casino that are among the top 10 Korea online casinos.
During the selection of the best online casino for Koreans one should take into account numerous points such as payment method, software quality, customer support, etc. Different experts apply different evaluation techniques. Below we will tell you about the criteria we use to select the top 10 online casinos Korea players can gamble at.
The first thing we are checking is the jurisdiction where the license was issued. None of the top South Korean online casinos is certified by the authorities from Belize, Costa Rica or Panama. The latter are not among the most reputable gambling jurisdictions since they can’t guarantee the safeness of casino websites.
Some of the top rated online casinos Korea players can gamble at have received licenses from such jurisdictions as Gibraltar, Kahnawake, Curaçao (Netherlands Antilles) or Antigua and Barbuda. In this case after considering other factors you can start playing there. Such Korea accepted online casinos are to a certain degree safe to gamble at.
But when it comes to the best South Korean casino online platforms, these are the authorities from such jurisdictions as Malta, Alderney, Isle of Man or the United Kingdom that they have got their licenses from. Here you have a 100% guarantee that your gambling website is constantly being monitored to determine whether the algorithms are not skewed in favor of the house and whether the financial balance is well managed. At such a play online casino Korea residents will definitely be able to gamble in a safe and secure manner.
Next you should check what provider supplies gaming software to the platform you are considering playing at. These are only top companies with international acclaim that the best South Korean casino online platforms cooperate with. Among these companies are NetEnt, Playtech and Microgaming. If you see their brands at the website, it means that the graphics of the online casino games Korea players can gamble at will be top-notch.
Another important point to check is whether customer service is constantly available and whether it supports the language you prefer to communicate with. When playing in an online casino in Korea you can encounter many problems related to legal issues and payment methods so that getting help becomes indispensable. That is why in many of the best Korea casinos online support is available 24/7.
When it comes to bonuses you should also be careful not to end up with some unexpected surprises. Since there can be some maximum winnings or time limits imposed, you should carefully read all the related information. Although the sums of bonuses might look alluring, you should remember that the best paying online casino Korea players can gamble at are those whose bonus terms and wagering requirements are easy to find and understand.
Local players who first want to play for fun and practice, can check South Korean free slots where no real money is at stake.
For the residents of Korea best online casino platforms often support their national currency. If you do not want to make deposits and receive your winnings without using double currency conversion, then opt for KRW online casino websites. When it comes to the best casino online Korea wons are usually supported along with many other national currencies.
Last but not least, if you want to play at South Korean casinos online, then you have to choose the payment method to make deposits and withdraw winnings. One should be especially careful not to choose options which will give your bank the information about your gambling transactions. Since for the residents of South Korea casino games online providers offer a wide range of secure ways to transfer money you should carefully consider what payment method will suit you best.
One such option for making deposits are the prepaid MasterCard and Visa cards which give their users a certain level of anonymity for money transactions. In new Korea online casinos Skrill is often accepted as a popular payment method that can ensure the necessary level of user’s safety.
Online Gambling Laws and Regulations in South Korea
When selecting a casino website it is worth asking whether is online gambling allowed in Korea. Although, when it comes to online gambling Korea legal framework bans it all together, there still are more than enough KRW casino websites where locals are welcomed. But, since there are many low quality and illegal websites operating on the web one should be extremely careful when choosing the best online gambling sites Korea residents can play at.
Is online gambling legal in South Korea?
Both offline and online gambling laws Korea had adopted are very strict in regards to locals. There is only one land-based gambling house in South Korea where they can legally visit. 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.
What are local gambling laws?
When gambling online Korea players should remember that formally according to the South Korean online gambling laws, namely Article 246 of Chapter 23 of the Criminal Act they can be fined up to KRW 5m (USD 4,5k) or even sent to prison for up to 3 years. All these are obvious arguments why when playing at online casino for real money Korea residents should very careful.
When it comes to clandestine operators of online casino Korea legal framework is even stricter. For those who runs illegal websites related to online gambling Korea legislation foresees life sentences. Since in other Asian countries laws are less strict locals go abroad to launch South Korean online casinos. Having no proper online gambling license Korea operators are regularly being arrested in China, Thailand and Philippines. Even a local baseball star was sent to prison for 8 months for helping to arrange an illegal gambling website in South Korea.
What is the gambling age in South Korea?
There is no such a thing as an online gambling age Korea players can start playing from since web casinos are banned in this country.
What is local policy in regards to poker, betting, horse racing and lottery?
Together with casino games, poker is banned for locals in South Korea. However lotteries, sports betting as well as horse racing and traditional bullfighting are and run by respective governmental departments.
Experts also say that the strict online gambling law in Korea stimulates local residents to engage in crypto trading massively. This shows how without locally certified legal online casinos Korea residents are trying out their luck in any way possible.
In North Korea online gambling is flourishing instead. This rogue regime is said to earn up to a billion dollars annually from its gambling houses which provoked the US to introduce special sanctions. Many of the seemingly legitimate online casinos Korea players can play at are run by hackers from North Korea. If they want safe online gambling Korea players should avoid such websites.
As you can see, despite restrictions, there are still many websites offered by the international online gambling industry Korea residents can play at. But to pick a safe online casino Korea players should follow expert recommendations.
History of Gambling in South Korea
Gambling houses were banned in South Korea until 1967, when games of chance were permitted in large hotels for tourists. Today there are 18 casinos operating in this country with revenues reaching a total of .5B. Only one of them – Kangwon Land casino is available for the citizens of South Korea. It received monopoly from the state in 2000 to revive local economy of one of the most depressed regions of South Korea and a decade later became one of the most profitable gambling houses in the world so that Forbes even included it to its list of 2000 biggest public companies. However, since Kangwon Land casino is located in a remote region of South Korea and local gamblers can visit it only 180 days per year, the KRW casinos remain to be one of the best gambling options for Koreans.
Currently there is a decline in gambling revenues in South Korea since there are less Chinese tourists coming due to sanctions introduced by China. As a result, local land-based gambling houses look rather dull. At least such was the impression among the guests who attended the 2018 PyeongChang Winter Olympics in South Korea. All this is just another reason for local residents to visit the best online casinos for Koreans instead.
The main reason why there are no South Korea based online casinos and why local laws are that strict when it comes to running internet casino platforms is a strong believe that players from South Korea are much more prone to gambling addiction than the residents of other major countries. Recently Kangwon Land casino has been even made to shut two hours earlier each day to mitigate problem gambling. However, at the top online casinos for South Korean players you can gamble 24/7 without fearing that somebody will put a “compulsive gambler” tag on you as is the practice in the only land-based gambling house available for local residents.
A real danger for those who play at online casinos accepting Korea players constitute hackers from the North Korea. They are known to steal money from web operators to provide the communist regime with alternative sources of income in times of severe international sanctions. That is why for the residents of South Korea approved online casinos recommended by experts are the only viable option to avoid being robbed of their winnings.
We hope that in the future the South Korean gambling market will significantly expand so that the local residents will feel themselves free to gamble on the web.
Predictions About the Future of Online Gambling in South Korea
In the new online casinos for Korea players such high-tech features as virtual reality games are bound to soon become popular. The popularity of mobile slots Korea gamblers can play at, is also on the rise.
With the advent of such gambling software giants as TGG to the South Korean market the gap is soon to be bridged between the video game companies and operators in the web and land-based gambling sectors.
Thanks to new technologies the best online casinos for South Korean players will in the future more often offer live dealer options for those gamblers who prefer humans to digital algorithms.
There are several big projects under construction in South Korea with the participation of such gambling companies as Mohegan Sun. 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.
Besides that, with the increased number of payment methods which every respectful online casino offers today, it will become easier for Koreans to make deposits and withdraw their winnings. It is also expected that in the sector of online casino KRW will be more often accepted.
Since there is a keen interest among local residents in cryptocurrencies there are high chances that soon among the top 10 South Korean online casinos there will be more gambling platforms which will support bitcoin, litecoin and ether.
As has already been mentioned, for Korea online casinos 2017 was the year when several clandestine operators from this country were arrested abroad. Some of them were licensed at Philippines which is not the best gambling jurisdiction. That is why it is so important to read Korea online casino reviews to avoid playing at such unreliable casinos in the future.
According to experts, in South Korea online casino sites are likely to be legally launched in near future as this technologically developed Asian country plans to establish itself at the international gambling market. However, the question remains whether they will be opened to local residents.