Why is it Advantageous to Buy Online Casinos in Korea (Hanguk)?

New, profitable regions attract many investors from Asia, the USA, and Europe. The opening of a gambling business in Hanguk is a great chance to start a successful activity in optimal conditions. The level of competition in this country is moderate. Moreover, its economic performance is impressive.

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The Strong Points of the Target Area

Entrepreneurs buy online casinos in Korea due to the favourable conditions of this country:

1. Fast payback of projects. The average salary in Seoul, Busan, Ulsan, and other South Korean cities is about $3,200 per month. This is a fairly large amount. Open a casino in Hanguk to attract many solvent customers.
2. High activity of players. Koreans like different types of gambling: betting, card games, online slots, sweepstakes, and others. The public's interest in virtual entertainments will help you promote your gambling business in Hanguk.
3. A large number of internet users. According to 2020 data, about 96.5% of the population use various virtual resources. This figure is truly impressive. The decision to open a casino in Korea is a good opportunity to reach an incredibly wide audience.
4. High level of digital technology development. The inventions of South Korean electronics manufacturers are highly regarded all over the world. Citizens of this country can afford expensive, innovative gadgets to make their internet experience more comfortable.
5. Cryptocurrency environment. Most gambling businesses in Hanguk use Bitcoin and other tokens as the main currencies. Crypto payment modules allow entrepreneurs and their clients to save financial resources due to the absence of intermediaries. Moreover, this money transfer method is very fast and secure.

Financial Attractiveness of the Gambling Business in Korea

According to data for 2015–2020, the lucrativeness of the entertainment industry increased by 5%. The gambling business in Korea has brought the government and operators over $150 billion.

Almost all land-based establishments are oriented toward foreigners. More than 2 million tourists visit Korea annually to enjoy games of chance in casinos and gambling clubs. Therefore, the authorities are doing everything possible to attract foreign capital.

Korean citizens are allowed to visit only the Kangwon Land casino, located near Seoul. The lack of alternatives in the offline gambling business in Korea has provoked a rapid growth in the popularity and profitability of the online segment.

The Features of Korea’s Gambling Laws

The process of legalising the entertainment industry began in 1967. The main goal of the authorities in those years was to attract foreigners. The Tourism Promotion Act was passed, allowing the opening of the first legal gaming clubs.

Since 2000, citizens have been able to visit Kangwon Land under the South Korean gambling laws. In 2007, the regulatory body Gaming Control Commission began its work.

Speaking of the internet sector, it is not legalised here today. However, operators can buy online casinos in Korea and work under offshore licences issued by such jurisdictions:

• Malta;
• the Isle of Man;
• Cyprus;
• Costa Rica;
• the Dominican Republic;
• Kahnawake, and others.

Working under international permits does not contradict the South Korean gambling laws. Entrepreneurs having such licences receive favourable tax conditions and the opportunity to work in several iGaming areas at the same time.

Restricted Casino Providers in South Korea

Since there is no possibility to obtain an official working licence in the country, operators and software suppliers resort to offshore jurisdictions for legal registration. However, not all content creators can immediately adjust their development process to South Korean laws and established regulations.

As a result, they form a list of restricted vendors on the territory of the state:

• Amatic;
• Yggdrasil Asia;
• ELK;
• Evolution Gaming;
• Ezugi;
• Revolver Gaming;
• iSoftBet;
• HoGaming.

Online Casino Market monitors a demanded region as well as thoroughly and constantly updates relevant information regarding local amendments to approved laws. The same concerns adaptations of providers to established legal terms and their availability in the area.

Furthermore, our company introduces dozens of other content creators that are fully compliant with the requirements of South Korea. They can officially grant their software to platform managers that target the local audience. Order proficient analysis and creation of the gaming library at our company and ensure your visitors engage only with legal and up-to-date entertainment.

How to Start a Profitable Project?

To open an online betting club in Korea or run a gambling portal here, follow this plan:

The Reasons to Order a Turnkey Casino in Hanguk

What method of launching virtual businesses is in the greatest demand today? This is the purchase of turnkey casinos in Korea.

Here are some reasons to order a ready-to-launch project:

• professional assistance in business licensing;
• the package of up-to-date casino software in Korea;
• payment modules from the best suppliers;
• reliable and effective protection systems;
• technical supervision of the project.

When purchasing a turnkey casino in Hanguk, you will be able to delegate a significant part of the most important tasks to the experts. This way, you will save a lot of time. Use it to create an efficient advertising strategy or perform other stages.

The Main Things about Working in Korea’s Entertainment Market

Hanguk is one of the most successful and wealthy countries in the world. The launch of a gaming business here will bring fame and financial success to an operator.

The acquisition of a turnkey casino in Korea will allow you to get:

• the possibility to work under an offshore licence in any field;
• access to an active and solvent audience from Seoul, Ulsan, Busan, and other cities;
• the opportunity to connect innovative cryptocurrency payment modules;
• a chance to experiment with advanced technologies and new gaming trends.

To order a turnkey casino in Hanguk, contact our team. Online Casino Market has a decent experience of working in various countries of Europe, Africa, Asia, North and South America.

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We know all the intricacies of the most promising markets. To learn more about the specifics of the Korean gambling industry and order the desired entertainment products, leave a request on our website. The manager will contact you in the shortest possible time.

Author

Karen Fill

Gambling business expert at Online Casino Market