{"id":17683,"date":"2026-07-27T08:30:00","date_gmt":"2026-07-27T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=17683"},"modified":"2026-07-27T08:16:56","modified_gmt":"2026-07-27T13:16:56","slug":"south-korea-corners-casinos-with-15-levy-and-five-year-licenses","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/","title":{"rendered":"South Korea corners casinos with 15% levy and five-year licenses"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">South Korea entered a direct confrontation with its casino industry on <strong>23 July 2026<\/strong> as the government defended raising the maximum contribution to the <strong>Tourism Promotion and Development Fund from 10% to 15%<\/strong> and introducing licenses renewable every <strong>five years<\/strong>. The <strong>Korea Casino Association<\/strong> warned that the package could accelerate bankruptcies.<\/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 proposal from the <strong>Ministry of Culture, Sports and Tourism<\/strong>, headed by <strong>Chae Hwi-young<\/strong>, would also require prior authorization for casino transfers or changes involving controlling shareholders. <strong>Democratic Party lawmaker Cho Gye-won<\/strong> plans to introduce the Tourism Promotion Act amendment in August. No bill has yet been approved, no general 15% rate is in force and no official implementation date exists. If Parliament amends the law, a presidential decree will establish the brackets; the industry considers <strong>2028<\/strong> a possible scenario.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"525\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses2.jpg\" alt=\"\" class=\"wp-image-17685\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses2.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses2-300x158.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses2-768x403.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Article 30 currently caps the contribution at <strong>10% of gross gaming revenue<\/strong>. Each property pays under a progressive scale; 1% on revenue up to <strong>KRW1 billion<\/strong>; KRW10 million plus 5% on the portion up to KRW10 billion; and KRW460 million plus 10% on revenue exceeding that threshold. <strong>Kim Na-na<\/strong>, director of the Convergence Tourism Division, cited a potential 15% bracket beginning at <strong>KRW300 billion<\/strong> as an example, although no threshold has been decided.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"500\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses3.jpg\" alt=\"\" class=\"wp-image-17686\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses3.jpg 900w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses3-300x167.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses3-768x427.jpg 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Choi Sung-wook<\/strong>, president of the association, said between eight and 15 of the country\u2019s 17 or 18 operators recorded losses during the past decade. Casinos contributed <strong>KRW219.5 billion in 2025<\/strong>, 61.7% more than KRW135.7 billion in 2019.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"576\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses4.jpg\" alt=\"\" class=\"wp-image-17687\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses4.jpg 1024w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses4-300x169.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses4-768x432.jpg 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The association estimates additional annual payments of <strong>KRW76.3 billion (US$51.8 million)<\/strong> for three mainland operators, rising to <strong>KRW101.9 billion (US$69.2 million)<\/strong> if one Jeju operator is included. Shinhan projected profit reductions of 29% for Paradise, 37% for Grand Korea Leisure and 21% for Lotte Tour Development.<\/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\">Jeju, home to eight casinos that generated <strong>KRW646.5 billion<\/strong> in 2025, is initially excluded under its special legislation. <strong>INSPIRE<\/strong>, which invested KRW1.93 trillion and employs 4,000 people, reported annual financing costs of KRW120 billion. <strong>Lee Myeong-jin<\/strong>, head of Casino Industry Policy, defended the overhaul following the sector\u2019s expansion; Choi argued that charging operators on revenue even when they incur losses threatens investment and employment ahead of <strong>MGM Osaka\u2019s 2030 opening<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea entered a direct confrontation with its casino industry on 23 July 2026 as the government defended raising the maximum contribution to the Tourism Promotion and Development Fund from 10% to 15% and introducing licenses renewable every five years.<\/p>\n","protected":false},"author":1,"featured_media":17684,"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":[2323,1488,57,15,2396,105,1218,2450],"class_list":["post-17683","asia","type-asia","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-asia","tag-ban","tag-casinos","tag-gambling","tag-south-korea","tag-sports-betting","tag-tax","tag-tourism","entry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>South Korea corners casinos with 15% levy and five-year licenses - Mundo Video Entertainment | Casino News in Latin America and the World<\/title>\n<meta name=\"description\" content=\"South Korea entered a direct confrontation with its casino industry on 23 July 2026 as the government defended raising the maximum contribution to the Tourism Promotion and Development Fund from 10% to 15% and introducing licenses renewable every five years.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"South Korea corners casinos with 15% levy and five-year licenses - Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:description\" content=\"South Korea entered a direct confrontation with its casino industry on 23 July 2026 as the government defended raising the maximum contribution to the Tourism Promotion and Development Fund from 10% to 15% and introducing licenses renewable every five years.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/\" \/>\n<meta property=\"og:site_name\" content=\"Mundo Video Entertainment | Casino News in Latin America and the World\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses.png\" \/>\n\t<meta property=\"og:image:width\" content=\"740\" \/>\n\t<meta property=\"og:image:height\" content=\"427\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/\",\"name\":\"South Korea corners casinos with 15% levy and five-year licenses - Mundo Video Entertainment | Casino News in Latin America and the World\",\"isPartOf\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses.png\",\"datePublished\":\"2026-07-27T13:30:00+00:00\",\"description\":\"South Korea entered a direct confrontation with its casino industry on 23 July 2026 as the government defended raising the maximum contribution to the Tourism Promotion and Development Fund from 10% to 15% and introducing licenses renewable every five years.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#primaryimage\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses.png\",\"contentUrl\":\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses.png\",\"width\":740,\"height\":427},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Portada\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Asia News\",\"item\":\"https:\/\/www.mundovideo.com.co\/en\/asia\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"South Korea corners casinos with 15% levy and five-year licenses\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.mundovideo.com.co\/en\/#website\",\"url\":\"https:\/\/www.mundovideo.com.co\/en\/\",\"name\":\"Mundo Video Entertainment | Casino News in Latin America and the World\",\"description\":\"Gambling news\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"South Korea corners casinos with 15% levy and five-year licenses - Mundo Video Entertainment | Casino News in Latin America and the World","description":"South Korea entered a direct confrontation with its casino industry on 23 July 2026 as the government defended raising the maximum contribution to the Tourism Promotion and Development Fund from 10% to 15% and introducing licenses renewable every five years.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/","og_locale":"en_US","og_type":"article","og_title":"South Korea corners casinos with 15% levy and five-year licenses - Mundo Video Entertainment | Casino News in Latin America and the World","og_description":"South Korea entered a direct confrontation with its casino industry on 23 July 2026 as the government defended raising the maximum contribution to the Tourism Promotion and Development Fund from 10% to 15% and introducing licenses renewable every five years.","og_url":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/","og_site_name":"Mundo Video Entertainment | Casino News in Latin America and the World","og_image":[{"width":740,"height":427,"url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses.png","type":"image\/png"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/","url":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/","name":"South Korea corners casinos with 15% levy and five-year licenses - Mundo Video Entertainment | Casino News in Latin America and the World","isPartOf":{"@id":"https:\/\/www.mundovideo.com.co\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#primaryimage"},"image":{"@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#primaryimage"},"thumbnailUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses.png","datePublished":"2026-07-27T13:30:00+00:00","description":"South Korea entered a direct confrontation with its casino industry on 23 July 2026 as the government defended raising the maximum contribution to the Tourism Promotion and Development Fund from 10% to 15% and introducing licenses renewable every five years.","breadcrumb":{"@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#primaryimage","url":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses.png","contentUrl":"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/07\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses.png","width":740,"height":427},{"@type":"BreadcrumbList","@id":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Portada","item":"https:\/\/www.mundovideo.com.co\/en\/"},{"@type":"ListItem","position":2,"name":"Asia News","item":"https:\/\/www.mundovideo.com.co\/en\/asia\/"},{"@type":"ListItem","position":3,"name":"South Korea corners casinos with 15% levy and five-year licenses"}]},{"@type":"WebSite","@id":"https:\/\/www.mundovideo.com.co\/en\/#website","url":"https:\/\/www.mundovideo.com.co\/en\/","name":"Mundo Video Entertainment | Casino News in Latin America and the World","description":"Gambling news","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.mundovideo.com.co\/en\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"}]}},"_links":{"self":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/asia\/17683","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/asia"}],"about":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/types\/asia"}],"author":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/comments?post=17683"}],"version-history":[{"count":1,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/asia\/17683\/revisions"}],"predecessor-version":[{"id":17688,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/asia\/17683\/revisions\/17688"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media\/17684"}],"wp:attachment":[{"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/media?parent=17683"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/categories?post=17683"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.mundovideo.com.co\/en\/wp-json\/wp\/v2\/tags?post=17683"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}