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Currency smuggling cases jump tenfold in S.Korea
Gulf Today
|October 06, 2025
Illegal inflows and outflows of foreign currency have soared more than tenfold over the past four years, reaching a record high in the first half of 2025, data showed on Sunday.
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The amount of foreign currency seized in such cases reached 143.5 billion won ($102.14 million) in the January-June period, more than double the 65.5 billion won recorded for the whole of 2024, according to the data compiled by the Korea Customs Service and released by Rep. Park Sung-hoon of the main opposition People Power Party, reported Yonhap news agency.
Seized amounts have been on a marked increase over the years, rising from 14.3 billion won in 2021 to 17.5 billion won in 2022 and further to 46.4 billion won in 2023.
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