Black Market Archives | Be Korea-savvy
Nearly 90 Percent of all Counterfeit Goods “Made in China”

Nearly 90 Percent of all Counterfeit Goods “Made in China”

SEOUL, Sept. 5 (Korea Bizwire) — A report released by the Korea Customs Service on September 4 revealed that 8,607 of 9,853 counterfeit goods seized were made in China. The yearly report on the black market for counterfeit goods stated that the total number of counterfeit goods seized by the agency declined by 3 percent [...]

Korea’s Vast Underground Economy Signals Potential Terrorism Financing

Korea’s Vast Underground Economy Signals Potential Terrorism Financing

SEOUL, July 8 (Korea Bizwire) – A recent assessment revealed the potential danger of South Korea’s underground economy playing a role in the financing of terrorism.  The issue was brought to light on Thursday by professor Kang Kyoung-hun from Dongguk University during a public hearing into the dangers of money laundering in Korea organized by [...]

Police Agency Develops Anti-smishing Application

Police Agency Develops Anti-smishing Application

SEOUL, May 23 (Korea Bizwire) – The Seoul Metropolitan Police Agency announced on May 21 that it had distributed free-of-charge “SClean,” an application which the agency developed would prevent instances smishing or SMS phishing. SClean is a compound word for “smishing” and “cleaner.” The application is designed to shut off the apps that have been [...]