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2 clusters · 7 sources · 29 days · First seen about 1 month ago · Last updated 6 days ago

Gambling and investment addiction in South Korea

Overview

South Korea is experiencing a rise in gambling and investment-related addictions. Data from the Korea Center on Gambling Problems shows a surge in individuals seeking help for stock and cryptocurrency trading addiction, with 1,709 people utilizing healing services in the first half of the year. Users in their 30s and 40s constitute the majority of this group.

Concurrently, a government-led self-reporting period revealed significant issues among youth regarding cyber gambling. Between May and August, 1,777 students reported involvement in online gambling, primarily involving casino-style games like slots and baccarat. These cases have been linked to severe social consequences, including fraud, theft, and physical assault. In response, authorities have referred over 1,400 students to professional healing services and requested the closure of hundreds of illegal gambling websites.

Entities

Korea Communications Standards Commission · Korea Problem Gambling Prevention and Healing Service · Korean National Police Agency

Timeline

6 days ago

[CRIME] 7 sources
South Korean youths self-report 1,777 cases of cyber gambling
Over 1,700 South Korean youths self-reported cyber gambling addiction during a government initiative, with some spending up to 200 million won and others engaging in fraud or theft to fund their habits.
about 1 month ago

[BUSINESS] 2 sources
South Korea sees surge in stock and crypto trading addiction
Stock and cryptocurrency trading addiction is rising in South Korea, with over 1,700 people seeking healing services in the first half of the year.

Sources

idsn.co.kr · iscmnews.com · jnilbo.com · mbn.mk.co.kr · sateconomy.co.kr · seoul.co.kr · womennews.co.kr