Customs Service: "Preparing for the spread of trade and foreign exchange crimes exploiting virtual assets"

The Korea Customs Service plans to conduct crackdowns to respond to trade and foreign exchange crimes exploiting virtual assets (cryptocurrency).

According to industry sources on the 18th, the Customs Service held the '2025 National Customs Foreign Exchange Investigation Officials Meeting' at the Government Complex in Daejeon, attended by about 20 foreign exchange investigation directors and chiefs from customs offices nationwide.

According to the Customs Service, they detected 300 cases of trade and foreign exchange crimes last year, amounting to approximately 2.6 trillion won. Compared to 2023, the number of detected cases increased by 52% (198 → 300 cases), and the amount increased by 34% (1.9 trillion won → 2.6 trillion won). This appears to be due to the simultaneous detection of major cases such as export-import price manipulation.

In particular, the Customs Service will conduct planned crackdowns on various foreign exchange crimes related to virtual assets in preparation for the spread of trade and foreign exchange crimes exploiting virtual assets. To enhance investigation capabilities, they plan to expand the introduction of virtual asset tracking programs and increase training for virtual asset tracking experts.