South Korea to ease regulations for foreign casino firms

    The South Korean government has confirmed it plans to ease restrictions making it easier for foreign investors to obtain casino licenses, according to local media. The plan was disclosed at a meeting presided over by President Park Geun-hye on how to boost the tourism industry. However, it will not open the casino market to Korean residents. Up until now, investors were required to have a minimum credit rating of BBB. That will be eased and other factors, such as financial capacity will be considered, the reports said.