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

North Carolina Tourists Attacked By Las Vegas 'Showgirls', Battery Charges Filed

North Carolina Tourists Attacked By Las Vegas 'Showgirls', Battery Charges Filed

Fake showgirls give real showgirls a bad name as attack video went viral last week.
Betting on Stake in Brazil Resumes as Gambling Firm Wins Legal Battle....for Now

Betting on Stake in Brazil Resumes as Gambling Firm Wins Legal Battle....for Now

The company was granted a partial injunction to operate until October 25 in the wake of an online gambling industry ban by President Lula.
California, Oklahoma Tribes Partner With Prediction Market Kalshi

California, Oklahoma Tribes Partner With Prediction Market Kalshi

Each tribe will own its app and control the customer-facing part of the business while Kalshi operates the underlying exchange including clearing the trades, Kalshi said Wednesday.
Casino Outside Des Moines Iowa Rewards Nine Jackpot Winners the First Week in October

Casino Outside Des Moines Iowa Rewards Nine Jackpot Winners the First Week in October

Lakeside Hotel & Casino in Osceola, Iowa is celebrating nine jackpot winners who collectively took home more than $85,000 during the first week of October.