illegal transfers Archives

More than 3,000 High-priced Apartment Transactions Under Investigation for Illegalities

SEOUL, March 3 (Korea Bizwire) — A large number of high-priced apartment transactions using legally dubious methods have been uncovered. The Ministry of Land, Infrastructure and Transport said Wednesday it had investigated transactions of high-priced apartments with a value of more than 900 million won (US$747,630) made during the period from March 2020 to June [...]

Illegal Transfers of Iranian Money Worth 26 Bln Won Exposed

SEOUL, July 9 (Korea Bizwire) – An exporter and a banker have been arrested by the prosecutors’ office for illegal transfers of Iranian money worth 25.9 billion won (US$22.8 million) via a Korean bank to third-party companies. The Busan District Prosecutors’ Office announced on July 8 that it had arrested an exporter and a banker, [...]