Hana Bank President joins South Korea campaign against youth igaming

9 February 2026 at 7:56am UTC-5
Email, LinkedIn, and more

Lee Hosung, President of Hana Bank in South Korea, has joined the country’s campaign to tackle youth igaming and raise awareness, according to The Asia Business Daily.

In his statement, Lee posed with a placard reading, “Illegal online gambling targeting youth is a scam you can never win.” The campaign takes the form of a relay, with leaders from major financial institutions endorsing the message and nominating the next person to continue.

Article continues below ad
GLI email web

Lee’s involvement follows his nomination last month by the Vice Chairman of Mirae Asset Securities, Kim Miseop. After his nomination, Lee spent time with Hana Bank executives and employees discussing the growing social risks of illegal youth gambling.

Lee recommended Woori Bank President Chung Jinwan as the next participant in the campaign.

In a statement, Lee said youth gambling should not be viewed just as an individual issue, but as a societal problem. “Illegal gambling among youth is not merely an individual’s deviant behavior but an issue that the entire society must contemplate and resolve together,” he said.

Article continues below ad

Hana Financial Group also has operated the Dodo Project since 2024, which focuses on the prevention and treatment of problem gambling and is supported by multiple agencies, including the Korea Center on Gambling Problems and the National Gambling Commission.

Lee’s joining the campaign comes as South Korea cracks down on illegal gambling, with the Gangwon Provincial Police Agency arresting 84 people linked to overseas gambling rings in December.

CiG Insignia
Locations:
Verticals:
Sectors:
Topics:

Dig Deeper

The Backstory

Why a banker is stepping into a law-and-order fight

Hana Bank President Lee Hosung’s decision to join a youth igaming awareness relay lands squarely in the middle of a broader enforcement surge and a rising public health concern. Authorities have spent the past two years tightening the net around illegal online casinos and sports betting that operate across borders yet reach teenagers on their phones. That intensifying pressure, along with mounting data on adolescent harm, explains why a financial-sector figure would frame youth gambling as a society-wide issue and call for coordinated prevention rather than policing alone.

The moment reflects a policy convergence: police are pushing operators offline, prosecutors are targeting overseas hubs and lawmakers are pressing for earlier intervention. The question is whether public-awareness campaigns from mainstream institutions can help curb recruitment funnels that originate on social platforms, encrypted apps and illicit sites, while reinforcing a message that enforcement cannot carry on its own.

Teen data turns into an early-warning system

Evidence that adolescent gambling is spreading faster and starting earlier has put schools, parents and regulators on alert. In one disclosure from a Democratic Party lawmaker, the number of teenagers receiving treatment for gambling addiction more than tripled in two years, while police tallied a sharp rise in offenses involving minors. Much of the surge is tied to online casinos and illegal sports betting, with cases among juveniles under 14 jumping from rare to regular. Those findings, detailed in reporting on teen gambling addiction and enforcement trends, have reframed the problem from sporadic deviance to a pipeline that begins with exposure on sports sites and social channels.

The data is driving policy beyond raids and arrests. Advocates are calling for stronger prevention and treatment programs inside schools and communities, recognizing that addiction risks escalate when gambling products are embedded in everyday digital activity. That shift complements public campaigns led by corporate figures, signaling that the response must address supply and demand simultaneously.

Gangs pivot from streets to screens

Enforcement metrics show how quickly organized crime followed users online. For the first time, Korean gang arrests are more often tied to digital scams, including illegal igaming, than to traditional crimes like assault and extortion. In 2024, a majority of the 2,363 organized crime arrests involved digital offenses, with younger gang members in their 20s and 30s driving the shift. The Korean National Police Agency figures, outlined in an analysis of organized crime’s digital turn, underscore why authorities treat online gambling as a gateway crime that scales quickly and pulls in inexperienced recruits.

The move online gives syndicates efficiency and reach. Hierarchical structures remain, but encrypted messaging, burner devices and remote operations allow the same command-and-control models to generate more victims and profits, while diffusing legal risk across borders. That complicates deterrence and raises the stakes for prevention efforts targeting youth who are most reachable—and most vulnerable—on those platforms.

Cross-border enforcement raises the costs

South Korea has tried to blunt that scale by lifting the risk for operators who base servers and staff offshore. A sweeping operation in the Philippines culminated in the repatriation of 49 suspects linked to fraud and illegal online casinos, an effort the National Police Agency called a symbolic milestone in international cooperation. Among the cases was an online casino operation estimated to be worth trillions of won since 2018. The crackdown, chronicled in coverage of the country’s largest repatriation tied to online gambling, involved Interpol notices, domestic warrants and a large deployment at Incheon International Airport.

These repatriations signal two things to domestic audiences. First, authorities can reach beyond jurisdictional boundaries that once shielded operators. Second, sustained coordination with foreign police will likely continue, raising the probability that promoters and money handlers face consequences even when they work abroad. That prospect—paired with public campaigns at home—aims to constrict both the supply of illegal sites and their marketing channels to minors.

Inside a dismantled network’s playbook

Police disclosures from a major bust illuminate how these schemes hook users and dodge scrutiny. An illegal network running eight gambling sites from the Philippines, Vietnam and Cambodia took in at least KRW27.1 billion over five years and processed more than KRW530 billion in wagers, according to South Chungcheong Police. The group used Telegram for encrypted outreach, burner phones for anonymity and female dealers and promotional imagery to target male users. Some sites embedded live sports streams to convert viewers into real-time bettors. The case, detailed in reporting on a dismantled Asia-based igaming ring, began when teens were found distributing marketing messages.

That origin story matters. It shows how minors can be recruited not just as customers but as low-risk marketers whose activities blend with peer-to-peer chatter. It also explains why police say they will punish operators and participants while partnering with schools and local communities to strengthen preventive work that enforcement alone cannot catch.

What’s at stake for finance, families and the state

The convergence of public-health data, organized crime trends and cross-border policing has pushed mainstream institutions to weigh in. Banks face reputational and operational exposure when illicit gambling flows move through payment rails. Families absorb the first-order costs of adolescent addiction, from school disruption to debt. And the state carries the long-term expense of treatment and enforcement as digital syndicates adapt quickly.

That is the context for a banker picking up a placard and nominating peers in a relay: the signal that preventing youth gambling requires credible messengers embedded in everyday life, not only arrest statistics or distant raids. The effectiveness of these campaigns will be measured by whether teen exposure curves bend down, recruitment pathways shrink and cross-border operators find fewer footholds in the mainstream financial system. With police widening cooperation abroad and lawmakers pressing for early intervention, the next phase will test how well public messages, private-sector commitments and criminal enforcement can move in lockstep.