Province Gyeonggi Financial News

Thousands of South Korea crypto traders say they have been left out of pocket due to a near-blackout of services operated by the chat app giant Kakao – which operates login functions for users of Upbit, the nation’s biggest crypto exchange.

Seoul’s Gangnam District says it will probe almost 2,000 residents to check if they have crypto holdings as part of a crackdown on tax evasion.

The South Korean city of Ansan has announced that it will confiscate crypto from tax dodgers who fail to pay local levies.

Police in Gangnam, an affluent district of Seoul, South Korea, have arrested 10 people accused of stealing money in a bogus USDT OTC trade.

South Korean politicians are accusing one another of crypto-related wrongdoings ahead of parliamentary elections in the nation on April 10.

Vitalik Buterin, the Ethereum co-founder, was spotted out and about in the South Korean tech hub city of Pangyo over the weekend – to the delight of the nation’s crypto community.

Six suspected OTC crypto scammers were arrested in Incheon, South Korea, police in the city confirmed on February 20.

A suspected scam coin operator was arrested in Gimpo, Gyeonggi Province, South Korea – in a case that appears to be linked to the controversy surrounding the blockchain firm Winnerz.

South Korean police have arrested a man they suspect of stealing cash as part of a bogus over-the-counter (OTC) crypto exchange.

Senior public officials in South Korea’s Gyeonggi province have declared their cryptocurrency holdings. The disclosure comes as part of the province’s efforts to ensure transparency among its government employees to avoid conflict of interest.

South Korea on Thursday when a man rammed a car onto a sidewalk and then stepped out of the vehicle and began stabbing people near a subway station in the city of Seongnam. Yoon Sung-hyun, an official from the southern Gyeonggi provincial police department, said at least nine people were stabbed and four others were injured by the vehicle.

North Korean women often cross the border into China. Unfortunately, their hopes are shattered as they encounter even less freedom and live in constant fear of deportation. Without legal identification, these women are unable to work and become vulnerable to human trafficking, sexual violence, and other crimes. Many end up marrying Chinese citizens out of necessity or coercion by marriage brokers. Defectors spend time in China before finally arriving in South Korea. Women are told by their brokers that marrying a Chinese man was crucial for survival, so they comply. Eventually, the opportunity arise for them to leave for South Korea, their ultimate destination. However, many defectors who were born in North Korea and then escaped to South Korea are not eligible for benefits designated for North Koreans, such as special college admissions and vocational training.

South Korean police have arrest a suspected crypto scammer who allegedly preyed on “housewives and office workers.”

A “high-ranking” South Korean civil servant has been caught buying Dogecoin (DOGE) on his cell phone – in the middle of an important local government meeting.

South Korean authorities have seized virtual assets worth KRW 260 billion ($182 million) from tax offenders. This, according to a report by Maekyung, a local news outlet. The crackdown is part of the coordinated efforts of the South Korean government to enforce tax compliance in regard to cryptocurrency and other virtual assets.

South Korean tax authorities have seized over $186 million in crypto from tax-evading individuals since 2021.

South Korean police officers continue to close the net on suspected darkweb-based drug traders – with officers in North Gyeongsang Province arresting 86 people they believe bought or sold narcotics using bitcoin (BTC) as a payments tool.

A South Korean town near Seoul has been successfully operating a pilot program that allows police to seize crypto from the exchange accounts of individuals with delinquent traffic fines.

 

A South Korean woman who met a man on a smartphone chat app, drugged him, and stole USD 87,000 in crypto from his phone has been sentenced to five years in prison.

South Korea goes to the polls on March 9 to elect its next President – and crypto is likely to play a major role in determining the outcome.