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Authorities detect sharp rise in illegal forex transactions via cryptocurrency purchases

More than 10 trillion won ($7.4 billion) has been channeled into illegal foreign exchange transactions over the past five years amid rising public interest in cryptocurrency transactions. Capitalizing on the price discrepancy between the domestic and foreign markets, individuals were found to have purchased cryptocurrencies from overseas markets and resold them in the domestic market for a profit.

Many Korean investors enjoy solid earnings from foreign stocks

The number of Korean investors who earned annual profits exceeding 2.5 million won ($1,888) from foreign stock ownership surpassed 240,000 last year, with their cumulative capital gains totaling more than 6.7 trillion won. This marks a staggering 130 percent increase from the previous year, data showed Friday.

Five Democratic Party lawmakers on visit to China amid tensions over ambassador s remarks

Five lawmakers of the main opposition Democratic Party are on a visit to China, sources said Wednesday, amid heightened tensions between the two countries over Chinese Ambassador Xing Haiming's remarks, which were strongly denounced as disrespectful to South Korea. The lawmakers Reps. Kim Tae-nyeon, Hong Ihk-pyo, Koh Yong-jin, Hong Kee-won and Hong Sung-kook arrived in Beijing on Monday for a five-day visi.

Five DPK lawmakers on visit to China amid tensions over ambassador s remarks

Five DPK lawmakers on visit to China amid tensions over ambassador s remarks
koreatimes.co.kr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from koreatimes.co.kr Daily Mail and Mail on Sunday newspapers.

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