SEOUL, Jan. 22 (Korea Bizwire) — South Korean authorities are raising alarms over a surge in voice phishing scams involving fraudulent credit card deliveries. According to the National Police Agency’s Telecommunication and Financial Fraud Response Center, reports of “card delivery scams” skyrocketed to 6,619 cases in November 2024, a 75-fold increase from just 88 cases [...]
SEOUL, Sept. 6 (Korea Bizwire) — The Supreme Court finalized heavy prison terms, ranging from seven to 18 years, for four men connected to a high-profile drug scam case where young students were deceived into consuming drug-laced drinks, judicial officials said Friday. In the ruling made last month, one of the four defendants, a man [...]
AMSTERDAM, April 26 (Korea Bizwire) — The Global Anti Scam Alliance and ScamAdviser.com surveyed 1,494 consumers from across the world asking them why they buy fakes and how they could be kept from buying counterfeit. Remarkably, China is not only the number one producer of fake products but also the largest online retailer of counterfeit [...]
AMSTERDAM, Oct. 1 (Korea Bizwire) — According to a new study by ScamAdviser, of 4,300+ consumers, scammers reach nearly everybody. 62% of the survey participants are certain that they have been exposed to a scam in the last year. The main reason consumers get scammed? Hubris! There is a huge gap between how good consumers think they [...]
SEOUL, Oct. 29 (Korea Bizwire) — Nearly 80 students and college admission consultants have been nabbed on charges of producing ghostwritten essays and other papers for writing competitions, which were later used to embellish college entrance applications, according to police Thursday. The Seoul Metropolitan Police Agency said it has booked 18 workers at a college [...]
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 [...]
SEOUL, April 18 (Korea Bizwire) – The overcharging of foreigners by taxi drivers in the Seoul metropolitan area appears to be tapering off, the municipal government said Tuesday, citing the results of its continued crackdowns. According to the Seoul Metropolitan Government, the average taxi fare paid by foreign visitors for trips from Incheon International Airport, [...]
SEOUL, Dec. 21 (Korea Bizwire) – False health insurance claims in South Korea are expected to flirt with 600 billion won this year despite a crackdown on scammers, data showed Wednesday. According to the data by the National Health Insurance Service, medical providers’ false and unfair insurance claims came to 545 billion won (US$456 million) [...]
SEOUL, June 10 (Korea Bizwire) – A ‘black money’ con artist from Liberia has been arrested for embezzling 1.2 billion won ($1 million) from multiple victims across Seoul. A black money scam is one in which con artists fraudulently obtain money from a victim by persuading them that piles of banknote-sized paper are actual money dyed [...]
Daejeon, Korea, Feb. 14 (Korea Bizwire) – Two young Koreans were arrested for a scam in which they purchased 5.7 million won (US$ 5,190) of gift cards through borrowed smartphones. According to a report by Daejeon Seobu Police Station on February 12, the police booked two young persons in their early twenties, known by their [...]