{"id":18577,"date":"2026-09-10T08:30:00","date_gmt":"2026-09-10T13:30:00","guid":{"rendered":"https:\/\/www.mundovideo.com.co\/en\/?post_type=asia&#038;p=18577"},"modified":"2026-09-10T07:03:12","modified_gmt":"2026-09-10T12:03:12","slug":"south-korea-delays-casino-reform-that-could-raise-levy-to-15","status":"publish","type":"asia","link":"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-delays-casino-reform-that-could-raise-levy-to-15\/","title":{"rendered":"South Korea delays casino reform that could raise levy to 15%"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><strong>South Korea could delay until late 2026 a reform that would raise the maximum casino contribution to the Tourism Promotion and Development Fund from 10% to 15% and require licences to be renewed every five years<\/strong>, as the government continues consultations with operators and tourism associations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-corners-casinos-with-15-levy-and-five-year-licenses\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>&#8211; South Korea corners casinos with 15% levy and five-year licenses<\/strong><\/a><\/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\">The <strong>Ministry of Culture, Sports and Tourism (MCST)<\/strong>, led by <strong>Choi Hwi-young<\/strong>, had intended to introduce the bill in September, but as of <strong>September 9, 2026<\/strong>, the text had not yet been formally submitted to the <strong>National Assembly<\/strong>. The office of lawmaker <strong>Cho Gye-won<\/strong>, a member of the Culture, Sports and Tourism Committee, had also not received a final draft. The timetable is complicated by <strong>Chuseok, from September 24 to 27<\/strong>, and the government\u2019s annual parliamentary audit, scheduled for <strong>October 6 to 27<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><a href=\"https:\/\/www.mundovideo.com.co\/en\/asia\/south-korea-opens-mega-poker-room-under-15-tax-threat\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>&#8211; South Korea opens mega poker room under 15% tax threat<\/strong><\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"550\" height=\"413\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-152.jpg\" alt=\"\" class=\"wp-image-18579\" style=\"aspect-ratio:1.334841628959276;width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-152.jpg 550w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-152-300x225.jpg 300w\" sizes=\"auto, (max-width: 550px) 100vw, 550px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The proposal would amend the <strong>Tourism Promotion Act<\/strong>. Casinos currently contribute up to 10% of GGR to the tourism fund. The government is considering a new upper band taxed at <strong>15% only on revenue exceeding a threshold that has yet to be officially defined<\/strong>, meaning the rate would not automatically apply to total GGR. The package would also introduce <strong>five-year licence renewals<\/strong> and prior approval for certain changes involving controlling shareholders.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"728\" height=\"422\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-153.png\" alt=\"\" class=\"wp-image-18580\" style=\"width:840px;height:auto\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-153.png 728w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-153-300x174.png 300w\" sizes=\"auto, (max-width: 728px) 100vw, 728px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\"><em>Shin Jong-ho<\/em><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The <strong>Korea Casino Association<\/strong>, whose secretary general is <strong>Shin Jong-ho<\/strong>, opposes the tougher framework and warns it could discourage investment. Ten tourism organisations, including casino, hotel and travel associations, have also called for the proposal to be withdrawn.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"673\" src=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-154.jpg\" alt=\"\" class=\"wp-image-18581\" style=\"aspect-ratio:1.4836272040302267\" srcset=\"https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-154.jpg 1000w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-154-300x202.jpg 300w, https:\/\/www.mundovideo.com.co\/en\/wp-content\/uploads\/sites\/2\/2026\/09\/south-korea-delays-casino-reform-that-could-raise-levy-to-154-768x517.jpg 768w\" sizes=\"auto, (max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">South Korea had <strong>18 casinos in 2025<\/strong>, including <strong>Kangwon Land<\/strong>, the only venue open to local players, as well as foreigner-only properties such as <strong>Paradise City, Walkerhill Casino, Inspire Entertainment Resort and Jeju Dream Tower Casino<\/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 market generated <strong>KRW3.70 trillion in GGR<\/strong>, up 14.6%. Foreigner-only casinos produced <strong>KRW2.26 trillion<\/strong>, up 21.6%, while Kangwon Land reached <strong>KRW1.43 trillion<\/strong>, up 5%. Foreigner-only operators paid <strong>KRW367.1 billion<\/strong> in taxes and public funds in 2025, while Kangwon Land contributed <strong>KRW603.3 billion<\/strong>.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>\n","protected":false},"excerpt":{"rendered":"<p>South Korea could delay until late 2026 a reform that would raise the maximum casino contribution to the Tourism Promotion and Development Fund from 10% to 15% and require licences to be renewed every five years, as the government continues consultations with operators and tourism associations.<\/p>\n","protected":false},"author":1,"featured_media":18578,"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":[2323,57,5204,15,5018,2396,105,1218,2450],"class_list":["post-18577","asia","type-asia","status-publish","format-standard","has-post-thumbnail","category-sin-categoria","tag-asia","tag-casinos","tag-dream-tower","tag-gambling","tag-jeju","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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