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Cyber-Casino Lands Koreas in Gambling War

Kim Beom-hoon was hailed as a trailblazer when he went into the online gambling business with North Korea. It seemed the perfect way to bridge a 50-year divide and open up one of the world’s most isolated countries.

But two years later the South Korean businessman has run afoul of his country’s gambling laws, as well as its ambivalence about whether to treat its communist neighbor as friend or foe.

The South Korean government plans to revoke his business licence, and prosecutors are going after 15 South Koreans who have gambled more than three million won ($A3300) each.

Kim maintains the real problem is a country that can’t make up its mind how to deal with its neighbor – woo it peacefully into the market economy, or treat investments in North Korea as aid to a dangerous dictatorship.

"This is a case that shows how the two Koreas still cannot trust and understand each other after living 50 years without communications," Kim complains.

"I have spent money and sweat on this project, and I am now a victim of the Unification Ministry’s reluctance to open internet contacts between the two Koreas," he said.

Read the entire article at: The Sydney Morning Herald 

2004 Online Casino News Archive

 

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