{"id":17602,"date":"2026-07-22T08:30:00","date_gmt":"2026-07-22T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=17602"},"modified":"2026-07-22T06:46:51","modified_gmt":"2026-07-22T11:46:51","slug":"south-korea-opens-mega-poker-room-under-15-tax-threat","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-opens-mega-poker-room-under-15-tax-threat\/","title":{"rendered":"South Korea opens mega poker room under 15% tax threat"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">In Korea<strong>, INSPIRE Entertainment Resort<\/strong> is preparing an international poker offensive in Incheon as South Korea considers increasing the maximum contribution paid by foreigner-only casinos to the Tourism Promotion and Development Fund from <strong>10% to 15% of revenue<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/landing\/multigame-link\/\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"700\" height=\"700\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg\" alt=\"\" class=\"wp-image-9622\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng.jpg 700w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-300x300.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2024\/08\/multigame-diamod-III-700-eng-150x150.jpg 150w\" sizes=\"auto, (max-width: 700px) 100vw, 700px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The resort will open <strong>YY Poker Club<\/strong> on its second floor, featuring <strong>70 tables<\/strong> and a dedicated livestreaming studio. The new entertainment area will also include <strong>Daia<\/strong>, an exclusive junket and premium-player room, and <strong>Ultra Lounge<\/strong>, a nightclub and bar. It will debut with <strong>WPT Seoul<\/strong>, organised by INSPIRE, the World Poker Tour and official licensee Khartes from <strong>30 October to 9 November 2026<\/strong>.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"688\" height=\"385\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat2.png\" alt=\"\" class=\"wp-image-17604\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat2.png 688w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat2-300x168.png 300w\" sizes=\"auto, (max-width: 688px) 100vw, 688px\" \/><\/figure>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"710\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat3.jpg\" alt=\"\" class=\"wp-image-17605\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat3.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat3-300x208.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat3-768x533.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The festival will offer <strong>46 events over 11 days<\/strong>, with buy-ins ranging from <strong>KRW300,000 (US$203) to KRW8 million (US$5,415)<\/strong> <strong>Danny McDonagh<\/strong> will oversee the competition. The Championship Event, running from 5 to 9 November, will guarantee <strong>KRW1 billion<\/strong>, with its final table livestreamed globally. <strong>Adam Pliska<\/strong> leads WPT; <strong>Ko Gyu-bum<\/strong> is INSPIRE\u2019s CEO, while <strong>Steven Wolstenholme<\/strong> oversees casino strategy.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"625\" height=\"393\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat4.jpg\" alt=\"\" class=\"wp-image-17606\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat4.jpg 625w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat4-300x189.jpg 300w\" sizes=\"auto, (max-width: 625px) 100vw, 625px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Danny McDonagh<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The fiscal threat comes from the Ministry of Culture, Sports and Tourism, headed by <strong>Chae Hwi-young<\/strong>. The proposal would amend Article 30 of the Tourism Promotion Act, create a new maximum <strong>15% bracket<\/strong>, introduce periodic licence renewals and require prior approval for changes involving major shareholders.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"577\" height=\"367\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat5.png\" alt=\"\" class=\"wp-image-17607\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat5.png 577w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-opens-mega-poker-room-under-15-tax-threat5-300x191.png 300w\" sizes=\"auto, (max-width: 577px) 100vw, 577px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Chae Hwi-young<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Currently, each property pays 1% on revenue up to KRW1 billion; KRW10 million plus 5% of revenue exceeding KRW1 billion up to KRW10 billion; and KRW460 million plus 10% above that threshold. The new brackets remain undefined, and the reform has not been approved. The levy applies to revenue even when an operator records losses, rather than to corporate profits.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><a href=\"https:\/\/www.mundovideo.com.co\/mve-ads\/?lang=en\" target=\"_blank\" rel=\" noreferrer noopener\"><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"500\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg\" alt=\"\" class=\"wp-image-16352\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE.jpg 600w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/05\/ADS-MVE-300x250.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Shinhan Investment &amp; Securities projects profit reductions of <strong>29% for Paradise, 21% for Lotte Tour Development and 37% for GKL<\/strong>. Jeju would require a separate reform. No estimate has been published for Bain Capital-controlled INSPIRE, which reported <strong>KRW267.23 billion in casino revenue<\/strong> and a <strong>KRW154.82 billion net loss<\/strong> in fiscal 2025.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Korea, INSPIRE Entertainment Resort is preparing an international poker offensive in Incheon as South Korea considers increasing the maximum contribution paid by foreigner-only casinos to the Tourism Promotion and Development Fund from 10% to 15% of revenue.<\/p>\n","protected":false},"author":1,"featured_media":17603,"menu_order":0,"comment_status":"closed","ping_status":"open","template":"","format":"standard","meta":{"inline_featured_image":false,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[1],"tags":[2323,57,15,2350,741,2396,105,1218,2450],"class_list":["post-17602","asia","type-asia","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-asia","tag-casinos","tag-gambling","tag-korea","tag-poker","tag-south-korea","tag-sports-betting","tag-tax","tag-tourism","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - 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