Compliance with Regulations and Legal Framework
▶︎ Compliance with Regulations and Legal Framework
Our company operates in full compliance with the laws and regulations of South Korea, ensuring that all business practices align with local legal standards. As a licensed junket operator, we adhere to the regulatory guidelines established by South Korean authorities to protect both the customers and the integrity of the gaming
industry.
▶︎ Key Differences with International Regulations
1. Licensing and Oversight
In South Korea, junket operators are required to obtain a license from the relevant gaming authorities, ensuring transparency and accountability in all operations. These licenses are granted under strict conditions and are subject to regular audits and reviews. This approach may differ from other countries, where gaming
regulations can vary, and some regions are still developing their frameworks for regulating casino operations.
2. Operational Transparency
Our business follows rigorous reporting and monitoring processes to ensure fair treatment of all participants, in line with South Korea’s gaming regulations. We maintain detailed records of all transactions, customer interactions, and operational procedures, ensuring that all activities are fully traceable and compliant with the law. In
other regions, regulations for the casino industry may still be evolving, and operators are required to meet new and varying standards.
3. Responsible Gambling Practices
In accordance with South Korean law, our company actively promotes responsible gambling by implementing systems to prevent problem gambling and providing resources for support. This includes setting limits on betting, offering self-exclusion programs, and providing counseling services. In comparison, other countries may still
be in the process of developing similar policies and support services, with different levels of regulation.
4. Customer Protection and Security
Our operations ensure the highest levels of customer protection, including the safe handling of funds, data privacy, and fair gaming. The South Korean regulatory framework requires operators to protect customers from fraud and other risks, ensuring that all transactions and operations are conducted with the utmost integrity.
International regulations may differ depending on the region, and operators are expected to meet specific security and customer protection standards as those frameworks are developed.
Conclusion
We assure our international clients that our operations in South Korea are fully legal and compliant with local regulations. We adhere to the highest standards of transparency, customer protection, and responsible gambling. While there are differences in regulations between South Korea and other countries, we are committed to
following all legal requirements in both regions and ensuring that our services are ethical, safe, and lawful.