Korea Republic Of
Welcomes South Koreans
South Korea is an Asian country that borders North Korea to the north, the Sea of Japan to the east and the East China Sea to the west. Japan is also located about 100 miles south-east of its borders.
Gambling law as a whole in South Korea is interesting and somewhat complicated in the sense that there are several laws that seem to achieve opposing aims. For example, it's legal for land-based casinos to operate, but it's illegal for citizens to play there. At the same time, it's illegal for online casinos to operate from inside of their borders, but there are no laws against online gambling. This set of laws seems weird, and there isn't really a unified stance from the government that's presented by how their gambling laws are presented.
Long story short, players can enjoy foreign operators as much as they want, but no companies are allowed to operate from inside their borders. When you combine this with the ban on land-based gambling for citizens, you see that they have a whole lot of people who choose to gamble on the Internet instead.
Because there are no games allowed to be operated from inside their borders, there is no licensing process here. However, in the future, it would make sense for them to come to some kind of agreement on licensing so that they're making revenues from the online games that they have set up as being basically the only option for people who actually live in South Korea. Whether or not they actually get around to doing this or just decide to go the banning and blacklist route is yet to be seen.
There are no games operated from inside the country, so the government won't be of much help when it comes to any type of protection. However, you can protect yourself if you're playing from South Korea by only playing with sites that have a solid history of taking care of their players and being reliable with cash outs. This is your best bet to avoid being taken advantage of by any kind of rogue operation, and it's the best way to make sure that you get your money to you when you request withdrawals.
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