Recently, lots of South Korean residents have been developing a taste for online gambling. There are a number of reasons for this, but perhaps the leading factor is the success of countryman Son Heung-Min playing in the English Premier League since signing for Tottenham Hotspurs.
Read on if you’re looking to get to grips with this rising market, therefore, as we’re offering an in-depth picture of online betting in South Korea. Among other insights, you’ll find the following:
With many non-European countries, laws can be quite restrictive when it comes to gambling, and South Korea is one such example. However, even though the indigenous population can be fined if caught gambling deliberately, there are some exceptions that make online betting activities legal.
But before defining these exceptions, it’s important to clarify that the Korean government actually incites foreigners visiting their land to gamble. Currently, there are a total of 23 casinos based in the peninsula and, although Korean residents can be sent to jail for attending the majority of these casinos, the same doesn’t apply to foreigners, who are allowed to gamble as much as they wish.
That doesn’t always stop Koreans though, as the vast majority of the population can speak fluent English, so they are not too far away from becoming a gambling nation. Check out some curious facts regarding betting in Korea:
Koreans can face up to three years in jail if caught attending casinos abroad
Kangwon Land Casino & Hotel is the only casino based in South Korea that Koreans can actually attend without major restrictions
Poker and football are the most popular gambling sports in South Korea
Tottenham Hotspurs have become the most popular football team in South Korea
Even so, although the majority of casinos are forbidden to Koreans there is one they can actually attend: the Kangwon Land Casino & Hotel. With being located in a very remote area of the peninsula, the casino has been cunning enough to extend its customer base. Joking aside, however, Koreans still need to be aware of the intricacies of government concessions, being able to attend Kangwon for only 15 days of the month.
There are a number of reasons why the local government doesn’t want its citizens involved with gambling too much, one of which is the general idea of the consequences of gambling addiction. This is perhaps why we don’t see Korean versions of all the best betting sites.
Mobile betting in South Korea
South Korea is notorious for having a high-tech population and these qualities are just as clear as far as mobile betting is concerned. You’ll find plenty of options for mobile online betting in Korea, including the most famous bookies worldwide, such as Betway and Pinnacle.
With bookies of such caliber, you can expect the same standards of quality in the provision of a high-end mobile experience. Plus, Korean punters can get some juicy bonuses as well.
Live betting is another very important factor to be considered when ranking bookies for the enjoyable mobile betting experiences they offer to Korean punters.
Top 5 South Korea bookmakers with the greatest bonuses
Everyone loves great bonuses and we obviously recommend trying to claim as many as possible, as it’s basically free money coming from sportsbooks.
While some bookies will gain attention due to the number of bonuses offered, others will offer a higher percentage in the first deposit, or even hand out more free bets as a way of making up for it.
There are also those who offer sky-high odds in order to tempt you with the possibility of boosting your punting profits.
Check out the best bookies with the best bonuses for sports betting in Korea!
Bonuses for all bettors!
Welcome Bonus up to €122
22Bet is a great option for those who want different types of bonuses. Apart from that, they offer a great welcome bonus of 123.400 KRW for new bettors, which could be used to bet in any sports available on their platform.
Top 3 legal bookmakers in South Korea
International bookies can legally operate in South Korea and, if you’re an experienced punter, you might already be familiar with the quality of the highest-rated international sportsbooks.
Our criteria for this section involves a blend of robust gambling licenses alongside a good online reputation and, obviously, their popularity amongst Koreans.
Check out the top 3 legal bookies in Korea:
Betway features two of the most important and safe gambling licenses out there: the Maltese MGA and the British UKGC, which give the company a top-rated bookmaker status not only in South Korea but around the world as well.
Recommended payment methods for South Korea bettors
As with the benefits highlighted in previous sections, the most ideal payment methods can also be accessed via betting sites in Korea. Skrill is one of the largest spread methods in the peninsula when it comes to sports betting, while you can also use Visa.
However, it is also imperative to mention some local payment methods, as these are some of the most commonly used in Korea. In this context, we list KakaoPay as one of the most accessible and common payment options for Korean bettors to use.
The e-Wallet Skrill is available for South Korean bettors.
Greetings. I'm Hugo Bourguignon and I'm proudly one of the writers at MightyTips. I do a little bit of everything on this amazing website and I'm always analyzing the best opportunities for punters. From creating bookmaker reviews to bonuses offered, and much more.