Korea Customs reports ₩11.4 trillion in illegal remittances over five years, mostly crypto, with a ₩920 billion stablecoin ring busted and expanded anti-smuggling enforcement.
Korea Customs disclosed that ₩11.4 trillion (around $8.5 billion) in underground remittances were uncovered in the past five years, with 83% conducted via cryptocurrency. Authorities dismantled a stablecoin-based syndicate responsible for ₩920 billion in illicit transfers. A 126-person enforcement team has been deployed to combat smuggling, money laundering, and cross-border financial crimes involving digital assets.