Kimchi Premium

South Korea’s Kimchi Premium Crackdown: $305M Illegal Profits, 49 on Trial

South Korean prosecutors bring 49 suspects to trial for illegal foreign exchange outflows and $305 million in profits from virtual…

1 year ago

Crypto Hedge Fund BXB Capital: Interesting Development History

As the world of finance continues to revolve around fiat money, the crypto hedge fund BXB Capital is adopting a…

2 years ago

Seoul Prosecutors Office Prosecution Of Price Manipulation Gang With “Kimchi Premium”

Key Points: The Seoul Central District Prosecutor's Office's International Crime Investigation Division arrested and indicted four people of gangs accused…

2 years ago

South Korean Arrests 25 Illegal Kimchi Premium Traders

South Korean law enforcement continues to crack down on illegal kimchi premium traders, arresting 25 suspected traders who they believe…

2 years ago

South Korea Detects $1 Billion Fraudulent Cryptocurrency Transactions This Year

According to recent data, a stunning $1 billion in fraudulent crypto-related transactions were uncovered in South Korea in the first…

2 years ago

Korean Regulators Are Looking Into Banks Over A $6.5 Billion Kimchi Premium

Investigations are being conducted into South Korean banks' possible complicity in the $6.5 billion in shady international transfers that have…

2 years ago

South Korean Authorities Start Arresting Crypto Criminals

South Korean officials searched numerous local cryptocurrency exchanges in conjunction with an investigation into the Terra (LUNA) ecosystem collapse, and…

2 years ago

Korea Launches Investigation Into “Kimchi Premium”

A South Korean news outlet said that the country's authorities are looking into massive foreign currency violations involving two banks.…

2 years ago

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