South Korea Uncovers Six Payment Firms Aiding Illegal Gambling
South Korean authorities have concluded an investigation into six local payment gateway companies. The firms, whose names remain undisclosed, allegedly aided illegal gambling activities, including sports betting and casino games. The probe, finalized in October 2025, revealed that these companies may have unknowingly facilitated transactions for criminal enterprises targeting young people, even children as young as 12.
The Financial Supervisory Service (FSS) confirmed that these firms provided digital and payment infrastructure, enabling illegal operators to transact money from customers to their platforms. In some cases, companies even knowingly facilitated voice phishing scams and sports betting operations disguised as e-commerce websites. Authorities used automated monitoring tools to detect and uncover these wrongdoings.
South Korea is committed to eradicating illegal gambling, with a particular focus on protecting its youth. The arrested South Korean man is accused of setting up, developing, and selling gambling websites to interested parties. Authorities aim to prevent the proliferation of illegal gambling among teenagers and young people in the southwest region.
The investigation into the six payment gateway companies has shed light on the role these firms may have played in facilitating illegal gambling activities. With the names of the companies yet to be disclosed, authorities continue their efforts to uproot illegal gambling and protect South Korea's young population.
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