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Booming Korean Gaming Market

Asia is the next big hotspot for online casino gambling if you ask most anyone in the industry – the only problem is that it has yet to be legalized extensively in the Asian-Pacific market. Many online casinos and software gaming development companies are currently looking for footholds within this market in the anticipation that internet gambling may be legalized in the coming years. Beyond just the concerns of internet gambling, online gaming is becoming increasingly huge all over Asia – China reports surges in online Mahjong while Korea boasts one of the most extensive and lucrative casual gaming markets in the world.

According to market research Korea’s gaming market is very internet savvy and nearly 80 percent of the households in Korea boast internet access. Additionally, cyber cafes are a huge draw in Korea and online gamers are known to spend hours at the internet cafes playing any number of casual internet games. Pearl Research released some of the latest statistics on the Korean gambling market, indicating that the number of online gamers are simply surging across the board. While online casino gambling is not legalized, software game developers are finding a very welcoming Korean market.

Instead of heading to the online casinos like gamers in Europe and other nations, Koreans head to the gaming portals to participate in any number of skill games, casual games, and increasingly multiplayer online role playing games (think World of War Craft and the such). As for specifics on the breadth of the market, Pearl indicated that the Korean online gaming market would be worth an estimated $1.7 billion in 2009.