PANews|Nov 19, 2025 07:25
[South Korea Customs Service: Illegal money laundering over the past 5 years amounts to 11.4 trillion KRW, 83% conducted through crypto assets]
According to Yonhap TV, the South Korea Customs Service has launched a special operation targeting illegal fund flows in transnational crimes. Over the past 5 years, the scale of illegal 'underground remittances' reached 11.4 trillion KRW, with approximately 83% conducted through crypto assets. Recently, a gang using stablecoins (such as USDT) for illegal fund transfers was arrested, involving an amount of 920 billion KRW. Additionally, foreign currency smuggling activities are also on the rise, with a scale of approximately 240 billion KRW over the past 5 years. The Customs Service has formed a 126-member team to strengthen inspections on concealed currency and combat illegal fund flows and money laundering activities.
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