Currency Related Crimes in South Korea

The Korea Customs Service reported that it seized $1.79 Billion (1.89 Trillion Won) from currency related crimes between January to September 2012. Included in that amount was assets that Korean citizens were attempting to stash in foreign countries to evade taxes.

The amount of total currency crimes seized by Customs was 68 percent higher than the previous year.

Source:  “Customs agency to toughen clampdown on offshore tax evasion,” Yonhap News, January 16, 2013.