According to News1, according to the data of the South Korean National Assembly, from 2018 to June 2023, a total of 24,451 people were punished for violating financial laws, of which the Electronic Financial Transactions Act had the most cases, reaching 24,019. 3,255 people were sentenced to fixed-term imprisonment, 8,178 people were sentenced to fixed-term imprisonment plus suspended execution, and 12,586 people were fined. The actual number of people prosecuted was 1,081, of which 349 were detained for prosecution and 732 were not detained.
In addition, there were 168,753 voice phishing cases during the same period. Recently, financial crimes related to illegal virtual currency transactions have emerged, and for the first time in 2022, 25 people were detained and prosecuted for this.
According to data from financial regulators, there were 281,546 illegal virtual asset transactions using credit cards in 2018, reaching a peak of 435,300 in 2020. In March this year, 46,409 cases were recorded, which is expected to significantly exceed last year. Experts call on financial regulators to strengthen prevention and supervision to deal with the increasingly serious financial crimes.