Kukmin Ilbo reported that the Busan Headquarters of the Korea Customs Service arrested Mr. A, a man in his 40s, and referred him to the prosecution without detention on charges of violating the Foreign Exchange Transactions Act. Mr. A is suspected of having illegally received and facilitated used car export payments using Tether (USDT). From September 2024 until the end of last year, for approximately 1 year and 3 months, Mr. A allegedly colluded with used car importers in Uzbekistan to operate illegal foreign exchange funds totaling 108 billion KRW, pocketing commissions worth 130 million KRW.
