License Name
Korean Sports Promotion Lottery (Sports Toto License)
- Direct message
- Leave a review
- Bookmark
- Share
- Report
- prev
- next
Issuing Country/Region
South Korea
Regulatory Body
Ministry of Culture, Sports and Tourism (MCST)
Types of Regulated Games
Sports betting (football, baseball, basketball, volleyball, golf)
Market Coverage
Local
Regulator's Reputation
Good
Legal Entity Requirements
Entrusted operator must demonstrate economic and technical capability and is appointed by the Ministry
Minimum Share Capital
Not specified
Directors and Shareholders Requirements
Not specified
Anti-Money Laundering (AML) Requirements
Mandatory compliance in line with National Sports Promotion Act
Data Protection Requirements
Personal data and identity checks enforced; specifics align with South Korean standards
Reporting Requirements
Regular operational and financial reports to Ministry
Audit Requirements
Subject to government audit
Software Certification Requirements
Not specified
RNG Certification
Not specified (parimutuel betting system rather than RNG-based)
Payment System Requirements
Must use approved and secure payment channels
Server Location Requirements
Not specified
Domain Name Requirements
Not specified
Language Support Requirements
Korean language mandatory
Currency Support Requirements
Korean won (KRW)
Legal Compliance Costs
Application fee 100,000 KRW for license, 50,000 KRW for change requests
Background Checks
Required for operator and key personnel
License Scope Restrictions
Only legal channel for sports betting for South Korean residents; strictly limited to authorized sports
Jurisdictional Tax Compliance
Required; subject to local South Korean laws
Player Data Storage Requirements
Personal information storage with robust identity verification
Cross-Border Operations
Not allowed; strictly for domestic market
License Application Transparency
Application and licensing process managed by Ministry, transparency subject to official procedures
Regulatory Contact Point
Ministry of Culture, Sports and Tourism
Compliance Officer Requirement
Not specified
Local Partnership Requirements
Entrusted partners approved by Ministry
Legal Dispute Resolution
Governed by South Korean law
License Transferability
Not specified
Sub-Licensing Rules
Not permitted
License Cost
100,000 KRW for main license; 50,000 KRW for change of license
Annual Fees
Not specified
Income Taxes
Subject to corporate and gambling-specific taxes as outlined by local law
Player Winnings Taxes
Winnings above a certain threshold may be taxed in accordance with Korean taxation law
Financial Guarantees
Must prove economic capability to Ministry
Liquidity Requirements
Not specified
Financial Reporting Requirements
Regular reporting as determined by Ministry
Application Processing Time
Not specified
Required Documents
Proof of economic and technical capability; identity and corporate registration
Business Plan Requirements
Required for application
Internal Policy Requirements
Compliant AML and responsible gambling policies
Testing Requirements
Not specified
Certification Requirements
Not specified
Staff Qualifications
Key personnel must meet Ministry integrity and capability requirements
Physical Office Requirements
Not specified
Local Representative Requirements
Entrusted operator must be locally approved
Marketing Restrictions
Strict advertising limitations; compliance with government standards
Responsible Gaming Measures
Betting caps, age verification, and public awareness enforced
Self-Exclusion System
Enforced for at-risk players
Age Verification Procedures
Strict identity verification; only adults allowed
KYC Procedures
Mandatory for all players
Customer Support Standards
Korean language support required
Complaint Handling Procedures
Handled by operator and Ministry
Player Funds Protection
Secure payment and payout processing
Payout Timelines
Set by operator; system is parimutuel with declared timelines
Bonus and Promotion Regulations
Regulated and capped as per Ministry guidelines
Permitted Games List
Only approved professional sports (soccer, baseball, basketball, volleyball, golf)
Betting Limits
Individual bet capped at KRW 100,000 per ticket
RTP Requirements
Not specified (parimutuel format)
Jackpot Regulations
Not specified
Live Game Requirements
Not specified
Mobile App Compliance
Online option available through official portal
Affiliate Program Rules
Not specified
Security Standards
Must meet government information security standards
Encryption Requirements
Not specified
Backup Requirements
Not specified
Monitoring Systems
Government-monitored for integrity
Operation Logging
Not specified
Anti-Fraud Systems
Strong identity and payment controls; government oversight
API Integration Standards
Not specified
Hosting Requirements
Not specified
CDN Usage
Not specified
Scalability Requirements
Not specified
Uptime Requirements
Not specified
Technical Support Availability
Not specified
License Duration
Not specified
Renewal Procedure
Not specified
Penalties for Non-Compliance
Up to 7 years in prison or KRW 70 million fine for illegal operators; up to 5 years or KRW 50 million for users
Ownership Change Rules
Not specified
Mergers and Acquisitions Rules
Not specified
Subcontractor Regulations
Operator must be directly entrusted by Ministry
Branding Requirements
Operator must use approved branding
Intellectual Property Protection
Ministry oversight
Dispute Arbitration
Governed by national law
Insurance Requirements
Not specified
Charity Contributions
All profits directed to national sports programs
Staff Training Requirements
Not specified
Innovation Support
Not specified
Sustainability Initiatives
Not specified
Accessibility Standards
Not specified
Multilingual Support
Korean required
Cryptocurrency Support
Not permitted
Esports Betting Regulations
Proposals for eSports inclusion under review; not yet permitted
Fantasy Sports Regulations
Not permitted
Official Address
Ministry of Culture, Sports and Tourism, 388, Gwanggyo-ro, Seo-gu, Daejeon, 35208, Republic of Korea
Work Hours
9:00 AM–6:00 PM KST (Mon–Fri)
FAQ Question 1
What is Korean Sports Promotion Lottery (Sports Toto License)?
FAQ Answer 1
Korean Sports Promotion Lottery, issued as a Sports Toto license, allows legal parimutuel sports betting in South Korea to fund national sports programs.
FAQ Question 2
Which jurisdiction issues Korean Sports Promotion Lottery (Sports Toto License)?
FAQ Answer 2
The license is issued by the Ministry of Culture, Sports and Tourism, Republic of Korea.
FAQ Question 3
What is the cost of obtaining Korean Sports Promotion Lottery (Sports Toto License)?
FAQ Answer 3
The license application fee is 100,000 KRW, with a 50,000 KRW fee for subsequent license changes.
FAQ Question 4
What are the main requirements for Korean Sports Promotion Lottery (Sports Toto License)?
FAQ Answer 4
An operator must show economic and technical capability, be government-appointed, comply with AML and player protection rules, maintain strict reporting, and only offer permitted sports betting in Korea.