Illegal sports betting sites in Korea.

Any kind of sports betting is illegal in Korea a lot of punters have been arrested charged and some have paid heavy fines due to betting which has caused some of them to be incarcerated. A government monopoly entity supported by the Korean ministry of tourism and sports called Sports Toto is the only place Koreans can place their bets. The lack of proper betting sites has influenced other major gambling companies in sucking some of this unclaimed niche which is vulnerable for better odds. Sports Toto which is controlled by the government can not provide the punters with good odds or even wide market for gamblers to choose from which makes it easier to sucking of prospective clients by internationally recognized betting firms.
Financial institutions in Korea have a right to stop any transaction which relates to gambling and even reports the responsible individuals to government agencies.  Which has allowed online financial businesses to thrive in allowing South Koreans to access their services hence sucking potential clients from the Korean financial businesses? South Korean government is losing millions of dollars from the multi-billion betting business through this baseless ban of betting in the nation. The government could be collecting the tax and also its population could be employed when large betting firms invest in South Korea.
Potential investors are also choosing other countries to invest in hence nations with friendly betting laws are actively sucking potential investors from South Korea. Investors can not risk their billions investing in a country where it’s citizens are not allowed to bet. Huge gambling firms like land brokers, 888 and many others accept South Korean punters. But they also fall outside Korean jurisdiction hence the punter's money is in safe hands with them and also they get a wide range of market to choose from. But they also need to be careful to avoid the ax of Korean anti-gambling laws from catching up with. The country should soften its stance on betting and create more friendly betting laws to get these investors. The government should focus in educating their masses on effects of betting and how to bet wisely instead of banning the whole thing, individuals should be the ones to make decisions for themselves on how they spend their money and not the government.
Many international internet service providers are offering satellite internet to interested South Koreans hence sucking potential customers from Korean based in internet service providers. Korean punters prefer using international ISP so that they can easily beat the internet censoring being done in South Korea against betting sites. The international internet service providers are outside Korea hence the government has no jurisdiction over them hence their traffic is not censored by the government agencies. Also, the punters actively use VPN which hides their actual IP address hence the physical geographical location is hidden to safeguard themselves from arrests. Punters who are South Korean citizens should be a vigil to avoid spending their nights in prison cells or their hard-earned money in paying fines. Punters their need to be tech-savvy to be able to survive and hide from censorship and constant government crack-down on them.