South Korea Seizes $4.92 Billion in Illegal Foreign Exchange Transactions in H1 2026

According to Korea Customs Service, on Monday the agency reported seizing 7.2 trillion Korean won (approximately $4.92 billion) in illegal foreign exchange transactions during the first half of 2026. The agency uncovered 792 cases involving unlawful transfer of foreign currency abroad and concealment of overseas assets, with some cases involving export companies receiving export payments in cryptocurrency rather than legal tender without repatriating foreign exchange to South Korea.
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