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…

10 months 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…

12 months 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…

1 year 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

This website uses cookies.