ABSTRACT
The first casino opened in Korea in 1962, as a way to attract inbound tourists from overseas. Today, a total of fourteen casinos are in operation in Korea. Among these casinos, thirteen operate exclusively for foreign customers, and one legally accommodates domestic players. One of the most positive impacts of casinos on the Korean economy is their ability to generate considerable foreign receipts. In 2001, the Korean casino industry earned almost US$3 million in total foreign casino receipts from the thirteen casinos. In addition, the Kangwon Land Casino, the only casino open to the domestic market, exerted even more positive economic impacts on the Korean economy after its opening in 2000. These impacts included revitalization of a rundown coal mining community, job creation, increased income levels, and the development of community tourism infrastructures, such as roads, transportation systems, and attractions.
