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 a network of 23 illegal online betting websites out of offices in Pasay and...

By Sam Beltran