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A Study on the Impact of Regulatory Policy on the Gambling Industry in Korea

  • Crisisonomy
  • Abbr : KRCEM
  • 2016, 12(2), pp.145-166
  • Publisher : Crisis and Emergency Management: Theory and Praxis
  • Research Area : Social Science > Public Policy > Public Policy in general

김종국 1

1한국마사회

Accredited

ABSTRACT

This study reviews equality, equity and fairness of regulatory policy for the gambling industry in Korea and then provides guideline for a joint development plan. The legitimate gambling companies in Korea have been in a strong competition to take a large portion of the total revenue allocated by the NGCC while the illegal market is beyond control. Toto and Lottery has been dramatically expanding due to the NGCC’s regulatory policies whereas horse racing has been stagnant. It would be fair that all sectors in the gambling industry should be regulated equally in accordance with the equality provisions of the Constitution. It is argued that more efforts should be made to bring the illegal market into the light rather than to compete for a “zero-sum” game within the legitimate industry. It is critical for the gambling industry in Korea to expand the legal market by directing demand away from illegal operators, “enemies of the public”.

Citation status

* References for papers published after 2022 are currently being built.