|South Koreans began trading shares of gambling operator Paradise on the Seoul stock market. Trading was strong in the early hours following the company’s $63 million IPO. The positive reaction of the market is in direct opposition to the Korea Media Rating Board’s decision just days ago to block Internet access to gaming related sites. |
If the South Korean government is against gambling then the question arises as to why it is taking measures to stop online gaming, while its stock market supports terrestrial gaming. Surely South Korea would prefer to control the taxable revenue of gambling by keeping it within its boarders, but is that truly possible in a digital age?
Further complicating the online gaming policy in South Korea is the popularity of online gaming amongst the population. A reported 65% of South Korea's online population having visited an online gaming site.
South Korea has not made formal comment on the government of Laos’ policy to allow online gaming operators to operate from the Far East, or on Laos’ position as the online gaming market’s stepping stone to Asia.