South Korea’s Casino Industry Balancing Economic Growth and Social Concerns

    South Korea’s casino industry is unique in that it primarily caters to international tourists, with only one casino, Kangwon Land, legally accessible to local residents. This approach reflects the government’s cautious stance on gambling, balancing economic growth with concerns about social harm.

    Casinos like Paradise City and Jeju Shinhwa World have become major attractions for foreign visitors, particularly from nearby countries such as China and Japan. These establishments offer a wide range of entertainment options, including luxury hotels, shopping, and cultural experiences, in addition to gaming.

    To ensure responsible gaming, South Korea enforces strict regulations, including entry fees and time limits for Kangwon Land patrons. Additionally, significant investments have been made in gambling addiction treatment and prevention programs.

    While the industry has faced challenges, such as the pandemic’s impact on international tourism, it remains a vital contributor to the country’s economy. The government continues to explore ways to expand the sector responsibly while safeguarding public welfare.