Online Casinos in Korea – Do They Really Exist?
Just in case you do not know it yet, there are now many casinos in Korea with the same basic rules as those of the casinos situated in the US, UK and Canada. The reason being each one of these countries’ governments have enacted legal framework wherein gambling is strictly prohibited except for licensed gaming establishments. It has made the complete Korean world of casino and poker gaming industry very big and prosperous. Almost all of the world’s famous and top casinos are now operating in Korea.
The emergence of casino korea was indeed a significant breakthrough for the gaming industry in south Korea. When the industry first opened up in 1992, only three gambling houses were incorporated. However, today there are over 20 such establishments which employ over 1000 people. Such is the proliferation of the that even Seoul-based in fact hosts the largest number of such gambling hubs on the planet. And to cap it all, most of these established casinos are now open all year round.
Another area where the Korean online casino business has flourished is in the realm of internet casinos. There are now lots of well-established sites with an incredible number of players all across the country. You can find no laws that govern these types of casinos, similar to the one implemented in south Korea. Since there is absolutely no regulation concerning the registration of these companies, they are free to take part in conduct that’s deemed acceptable 블랙 잭 룰 by the Korean government. Of course, the local governments in each of the areas where these companies operate have their very own sets of regulations concerning the deposit and withdrawal of funds from their finance institutions. Thus, whenever a player deposits funds into his / her own Korean casino account, it is essentially being done according to the rules and regulations governing the law in the particular area.
The Korean version of online casinos, however, differs in that they do not provide option of free deposit. Players have to first register with the web site of the particular casino to become in a position to make deposits. Then, after registering, they can either make a single or multiple deposit for the overall game they will have selected to play. After making the said deposits, players is now able to either use their bank cards or the cash equivalent to their bank cards.
There are three major differences between the Korean version of online casinos and the ones in the usa and Europe. First, in Korea, gamers are just required to be of legal age and are not at the mercy of taxes either. This is why the average income among gamers in Korea is fairly high. And second, unlike in the United States and Europe, there is absolutely no requirement of a gambling age among Korean women as well.
In addition, there are certain measures that are aimed at preventing underage gamblers from accessing online casinos. First, generally in most of the country’s provinces, there are anti-gambling cyber squads that police gaming websites and their operators. These cyber squads are made of specialized personnel that are specially trained to combat the occurrence of online casino frauds. They are also tasked to take care of cases of harassment through email or other means. Gamers are strictly enjoined against engaging in any activity that may result in violation of their country’s laws.
The next thing that sets Korean casinos aside from most casinos all over the world is the fact that they’re owned and operated by the Korean government. Therefore unlike many casinos outside the US and Europe, there are no American or European tax havens that are used by Korean casinos. That is primarily as the Korean government has an absolute control on the country’s casinos. This also implies that the Korean government limits the quantity of casinos which might be opened and operates. This has the added aftereffect of minimizing the risks of fraud, that is among the major problems plaguing many Korean casinos.
Overall, it can be said that online casino sites in Korea are legal and safe for several Korean players. However, the problem of gambling itself continues to be a controversial issue in the united kingdom. Many Koreans fear that online gaming may lead to addiction. To curb this, the Korean government has implemented many different restrictions on what online casino sites run their operations. Most significantly, many Korean players avoid playing at these sites till such time as the laws on gambling are liberalized in the united kingdom.