South Korea: Internet Gambling Charges Up 700 Percent

Submitted by Jagajeet Chiba on

Written by :

Jagajeet Chiba

Published on :

This year, 1,681 people have been charged with illegal gambling over the Internet in South Korea compared to just 248 this year.  The rationale behind this:  In a struggling economy desperate people will be looking for those big wins.

Sometimes they get lucky.  Just look at the number of online poker millionaires the industry churned out in 2008.

Of course, in South Korea if you are among the 1,681 taken into custody this year for illegal Internet gambling - even if you were a winner - you're probably not so lucky.  Internet gambling is considered a crime in that country.

Cho Byeong-in, a researcher at the Korean Institute of Criminology explained that the destruction of human relationships caused by economic hardship is the major cause for an increase in crimes.

"Traditional and stable human relationships tend to become unstable or destroyed and then people who lose a certain role do unusual things or engage in crime," said the researcher.

Oh, and loan sharking is also up in the country: In 2006, 876 people were charged with illegal loan-sharking but this year alone till the third quarter that number has jumped to 3,711.

즐거운 성탄절 보내세요

Jagajeet Chiba, Gambling911.com 

Related Content

Williston, North Dakota Sun Country Flights to Las Vegas Resume Following Allegiant Acquisition

Williston, North Dakota Sun Country Flights to Las Vegas Resume Following Allegiant Acquisition

Sun Country announced it is keeping its Williston, North Dakota (XWA)–Las Vegas (LAS) nonstop for the 2026 season, despite the uncertainty earlier this year surrounding Allegiant's planned acquisition of Sun Country.
Connecticut Crackdown on Prediction Markets Continues

Connecticut Crackdown on Prediction Markets Continues

Media companies and gaming service providers also issued subpoenas.
Real App Names FanDuel Its First Official and Exclusive Sportsbook and Prediction Market Partner

Real App Names FanDuel Its First Official and Exclusive Sportsbook and Prediction Market Partner

Partnership integrates FanDuel odds and contextual markets into Real’s live experience and creates a new way for FanDuel to connect with the next generation of sports fans.
Bitcoin Isn't as Anonymous as Players Think in 2026

Bitcoin Isn't as Anonymous as Players Think in 2026

Bitcoin transactions aren't anonymous, they're pseudonymous. Here's what that distinction actually means for anyone moving money through crypto in 2026.