Theoretically, gambling in South Korea does not serve locals as the government strictly ban, only foreigners can play at land-based casinos in this country. However, the fact is locals can some illegal gamble at blacklisted casinos or sometimes with unregulated dealers.
The government does not allow locals to engage in a kind of gambling and in any form including online gambling or land-based casino. Even though there are 17 casinos in the capital city, they are all targeted to serve only foreigners. Like the case in Phu Quoc Viet Nam, players need to prove their identity by showing documents to get access to one of these online casinos.
For foreigners who play at bet at one of these casinos, they have to pay heavy taxes introduced by the government to increase their revenue.
The government even controls Koreans in betting at international land-based casinos when they traveling. The effort is made to prevent locals to become habitual overseas gamblers.
That is the story of land-based casinos and online casinos run by Koreans. Locals still can bet at international online casinos that are fully regulated and accept Korean players. Though this remains in gray area, you still can bet. Just one thing you need to bear in mind is to keep your business to yourself because you will be in danger if someone reports you to the authority.
As the government strictly prevent locals from gambling. There are not many online casinos that accept deposits and withdrawals in Korean WON. But Korean players still can find numerous payment methods and play with USD. Below is some example:
Paypal is one of the most trusted and popular banking methods for players to choose from when it comes to deposits and withdrawals. Deposit to an online casino by Paypal is instant while withdrawal can take up to 3 days. However, one of the main drawbacks of using Paypal is this limit. If you are fresh to Paypal and also a high roller casino players. The possibility that your money will hold is high. You then have to wait for 21 days to be able to withdraw or make it available at your account.
Skrill functions like PayPal. It is also one of the trusted payment methods that we highly recommend you to use when playing at international online casinos. They offer instant deposits and up to 2 hours for withdrawals.
Cryptocurrency seems to be one of the best methods for its anonymity features. Especially, the law situation in the country is very complicated. At the top list of online casinos for Koreans, we also give bitcoin casino a favor.
You do not need to worry that you can not find any debit and credit card casinos. In fact, all foreign casinos accept this method due to its simplicity, reliability, and comfort. Bankcard payment ensures to bring instant deposits and 4-7 days of withdrawal with full security.