The state-owned minting company is also the one responsible for minting coins and banknotes and other government papers. Last September 2018, South Korea’s Minting and Security Printing Corporation was tasked to develop new chips for the Grand Korea Leisure, the company running the Seven Luck casino in the nation’s capital. One technology applied to casino chips are chip minting. The cashier noted the counterfeit chips is a bit lighter than the real ones. There were about 3,700 fake chips in KRW1 million denomination. Upon careful examination, the chips were almost similar to the authentic casino chips.

The fake chips were found out to be from China and smuggled in by South Korean locals. In 2008, an international crime ring developed a scheme to smuggle fake chips into a Kangwon Land Casino and cash it out. There have been previous instances where the casinos fell victim to casino chip forgery and smuggling. South Korea has plenty of foreigner-only casinos and they are not immune to illegal activities. This casino is not exempt from illegal activities led by individuals. They are, however, allowed to play for leisure at the only casino for locals located in the remote province of Gangwong. Gambling for monetary gain is illegal for South Korean locals. What is the best VPN for Sports Betting & Online Casino?.