Last year, the Korea Customs Service detected a significant increase in foreign exchange crimes, with 90% of these crimes being related to cryptocurrencies. Despite a rise in the number of cases, the amount of money seized decreased due to the impact of detecting foreign exchange remittance cases. The majority of arrests were for foreign exchange fraud, followed by price manipulation, money laundering, and asset evasion. Cryptocurrency fraud notably surged, constituting 88% of all fraud cases. To combat this trend, the Korea Customs Service plans to expand its crackdown, establish a Virtual Asset Crime Response Team, and collaborate with financial authorities and foreign customs authorities to enhance its capabilities in collecting and analyzing information. Goh Kwang-hyo, the head of the Korea Customs Service, emphasized the need to adapt to the challenge posed by virtual assets to realize the government's goal of building a crime-free society.

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