financial fraud Archives | Be Korea-savvy

S. Korea to Introduce System to Prevent Financial Fraud Against Seniors

SEOUL, Aug. 31 (Korea Bizwire) — A specially designed credit card to prevent seniors from falling victim to various kinds of financial fraud by notifying family members or other designated guardians when the card is used to pay large sums of money will soon be available, the South Korea’s financial regulator said Sunday. The Financial [...]

1 in 5 Koreans Exposed to Financial Fraud: Poll

SEOUL, Mar. 21 (Korea Bizwire) — Nearly 1 in 5 South Koreans has suffered from financial fraud or nearly fallen prey to financial scams, a poll showed Wednesday. According to the survey of 2,530 people, 2.6 percent of the respondents said they had fallen victim to voice phishing, Ponzi schemes and other financial scams at [...]