How the Philippines missed a Korean gambling racket worth US$3.8 billion
The Philippines spent years dismantling Chinese-linked gambling compounds in dramatic, headline-grabbing raids. But all the while, and with far less scrutiny, South Korean syndicates were building a parallel industry worth billions of US dollars – one that a spate of recent arrests suggests is still very much intact. The most recent involved a 29-year-old Korean woman named Kim Young-sun, who authorities allege ran…
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How the Philippines missed a Korean gambling racket worth US$3.8 billion
The Philippines spent years dismantling Chinese-linked gambling compounds in dramatic, headline-grabbing raids. But all the while, and with far less scrutiny, South Korean syndicates were building a parallel industry worth billions of US dollars – one that a spate of recent arrests suggests is still very much intact. The most recent involved a 29-year-old Korean woman named Kim Young-sun, who authorities allege ran…