Launch of the 4th Casino Business Supervisory Commission with Chairman Moon Sung-jong and Vice Chairman Kang Tae-wook

Casino Oversight Boosted with New Supervisory Commission

Jeju Island, South Korea – A new supervisory body has been launched too foster a more competitive casino habitat, with the 4th Casino Business Supervisory Commission officially commencing operations this month. Jeju Island officials have pledged full administrative support to the commission’s work.

This commission functions as an independent advisory and deliberative group, operating under provincial ordinances designed to manage and oversee casino ventures. Its core responsibilities include monitoring casino operations, investigating and preventing illicit activities, and addressing potential societal challenges associated with the gaming industry.

The 4th Commission will serve a three-year term, from September 2025 to September 2028. It comprises 15 experts spanning legal,tax,tourism,accounting,academic,and civil society fields.Notably, the commission includes four female members, representing 27% of the total membership, reflecting a commitment to gender and sector balance.

Leading the commission is Moon Sung-jong, a professor of hotel management at Jeju Halla University. Professor Moon brings experience as a government policy evaluator and former chairman of the Jeju Provincial legislative Policy Review Committee.

Additional members appointed to the commission include Kang Kyung-bae, Ko Young-kwon, Kim Hoon, Kim Se-mi, Kim Jin-deok, shin Wang-geun, Lee Bo-yeon, Lee Sang-mook, Lee Yeon-woo, Lee Jin-kyung, Jung Pil-kyung, Cho Min-cheol, and Left Kwang-il.

This progress underscores the continued effort to refine the regulatory landscape for casinos in Jeju Island and ensure responsible growth within the gaming sector.

How will the 4th Casino Buisness Supervisory Commission’s focus on integrated resort progress impact foreign direct investment in South Korea?

Launch of the 4th Casino Business Supervisory Commission: A New Era for South korea’s Gaming Industry

Commission Leadership & Core Mandate

On September 30, 2025, South Korea officially launched it’s 4th Casino Business Supervisory Commission, marking a significant development in the regulation and oversight of the nation’s casino industry. The commission is spearheaded by Chairman Moon Sung-jong and Vice Chairman Kang Tae-wook, both seasoned professionals tasked with navigating the complexities of this evolving sector.

The primary mandate of the 4th Commission centers around:

* Strengthening regulatory Frameworks: Modernizing existing regulations to align with international standards and address emerging challenges in the casino landscape.

* Enhancing Openness & Accountability: Implementing measures to increase transparency in casino operations and ensure accountability among stakeholders.

* Combating Illicit Activities: Focusing on preventing money laundering, fraud, and other illegal activities within the casino industry.

* Promoting Responsible Gaming: Prioritizing initiatives that promote responsible gambling practices and protect vulnerable individuals.

* Fostering Sustainable Growth: Supporting the sustainable development of the casino industry while maximizing its economic benefits for South Korea.

Key Areas of Focus for the New Commission

The 4th Casino Business Supervisory Commission isn’t simply continuing previous work; it’s signaling a shift in priorities. Several key areas are expected to receive heightened attention:

1. Integrated Resort Development & Foreign Investment

South Korea has been actively seeking to attract foreign investment in large-scale integrated resorts (IRs). The new commission will play a crucial role in streamlining the approval process for IR projects,ensuring they meet stringent regulatory requirements,and fostering a favorable investment climate. This includes evaluating proposals based on financial viability, social impact, and alignment with national tourism goals. Keywords: Integrated Resorts Korea, Casino Investment, Foreign Direct Investment (FDI).

2. Online Casino Regulation & Digital Innovation

The rise of online gambling presents both opportunities and challenges. The commission will be tasked with developing a extensive regulatory framework for online casinos, addressing issues such as licensing, player protection, and cybersecurity. Exploring the potential of blockchain technology for enhanced transparency and security within the online gaming sector is also anticipated. Keywords: Online Casino Korea, Digital Gaming regulation, Blockchain Casino.

3. Anti-Money laundering (AML) Compliance

Strengthening AML measures is a top priority. The commission will work closely with financial intelligence units and law enforcement agencies to enhance monitoring of casino transactions, identify suspicious activity, and prevent the use of casinos for money laundering purposes. This includes implementing stricter Know Your Customer (KYC) procedures and enhancing reporting requirements. keywords: Casino AML, KYC Compliance, Financial Crime Prevention.

4.Responsible Gambling Initiatives & Player Protection

Protecting vulnerable individuals from the harms of problem gambling is paramount. The commission will promote responsible gambling initiatives, such as self-exclusion programs, deposit limits, and awareness campaigns. Collaboration with mental health organizations and support groups will be essential. Keywords: Responsible Gambling Korea, Problem Gambling Support, player Protection.

5. Enhancing Casino Security & Surveillance

Maintaining the integrity of casino operations requires robust security measures. The commission will oversee the implementation of advanced surveillance technologies, including facial recognition and data analytics, to detect and prevent cheating, theft, and other criminal activities. Keywords: Casino Security Systems, surveillance Technology, Gaming Integrity.

Impact on Existing Casino Operators

The launch of the 4th Commission will have a direct impact on existing casino operators in South Korea. Operators can expect:

* Increased Scrutiny: More frequent and rigorous inspections to ensure compliance with regulations.

* higher Compliance Costs: Investments in new technologies and procedures to meet stricter regulatory requirements.

* Greater Transparency: increased reporting requirements and public disclosure of details.

* Opportunities for Growth: A more stable and predictable regulatory environment that can attract investment and foster sustainable growth.

Ancient Context: Evolution of Casino Regulation in South Korea

Understanding the evolution of casino regulation provides valuable context.

1. Early Stages (1967-1980s): Limited casino development, primarily catering to foreigners.
2. expansion & Liberalization (1990s-2000s): Gradual expansion of the casino industry, with the introduction of Walkerhill paradise and Millennium Seoul Hilton.
3. Focus on integrated Resorts (2010s-Present): Emphasis on attracting foreign investment in large-scale integrated resorts,such as the delayed Inspire Integrated Resort in Incheon.
4. the 4th Commission (2025): A renewed commitment to strengthening regulation, promoting responsible gaming, and fostering sustainable growth.

Benefits of a Strong Regulatory Framework

A robust regulatory framework for the casino industry offers numerous benefits:

* Economic Growth: Attracts foreign investment, creates jobs, and generates tax revenue.

* Tourism Development: Enhances South Korea’s appeal as a tourism destination.

* protection of Consumers: Safeguards vulnerable individuals from the harms of problem gambling.

* Prevention of Crime: Combats money laundering, fraud,