Buy Crypto
Pay with
USD
USD
Buy & Sell
Hot
Supports Visa, Mastercard, SEPA & more
P2P
0 Fees
Flexible trading, zero fees
Gate Card
Use your crypto for payments worldwide
Markets
Trade
Basic
Advanced
Futures
Futures
Access hundreds of perpetual contracts
CFD
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Stocks
CFD
Stock CFD Derivatives
US Stocks
Access real US stocks and ETFs
HK Stocks
Trade quality Hong Kong-listed stocks
Korean Stocks
SK Hynix
Real Korean stocks and top assets
Stock Futures
High leverage, 24/7 trading
Tokenized Stocks
Backed by real stock assets
IPO Access
Unlock full access to global stock IPOs
GUSD
3.8%
Mint GUSD for Treasury RWA yields
Stocks Activities
Trade Popular Stocks and Unlock Generous Airdrops
Earn
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Pre-IPOs
Unlock full access to global stock IPOs
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
Investment
Square
Square
Post, share, and explore crypto trends
Live
moments live
Live crypto market analysis
Chat
Chat with crypto traders
News
What is happening in crypto
flower_head
More
Promotions
AI
Others
TradFi（新）
GUSD（纯图）
Rewards
Square
Latest
Hot
News
Profile
WuSaidBlockchainW

According to an analysis by Digital Asset of 52 court verdicts for illegal cases under the Foreign Exchange Transaction Act involving virtual-asset media between 2017 and June 2026, the total scale of the 50 cases that stated amounts was approximately 3.1 trillion KRW, with the highest amount per case at approximately 1.1859 trillion KRW; of 95 defendants, only 1 was acquitted, giving a conviction rate of 99%. Of the convicted, 48.9% were sentenced to suspended prison terms and 20.2% to prison terms, with the maximum sentence being 4 years. The related cases mainly involved illegal remittances between China and Korea, Vietnam and Korea, and Korea market premium (kimchi premium) arbitrage.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • 1
  • Share
Comment
Add a comment
Add a comment
QuantModeler
· 12h ago
Cross-border arbitrage in virtual assets, especially using the kimchi premium, may look like it offers lucrative profits, but the risks are extremely high. This round of statistics shows that almost nobody can evade conviction; anyone trying to get rich off this should think it through, because a 99% conviction rate is basically a sure thing.
View OriginalReply0
EarningsAnalyst
· 07-20 04:01
Nearly half the sentences result in suspended sentences, which suggests the court is not being especially harsh in cases like this. But the maximum prison term is 4 years, and the case value is in the trillions of Korean won—still, it feels a bit light?
View OriginalReply0
AirdropApe
· 07-20 03:49
Korean kimchi premium arbitrage has always been a gray area. This time, the data directly exposes the scale of illegal remittances between China and South Korea: 3.1 trillion KRW. A 99% conviction rate shows that regulators are cracking down hard, but the high proportion of suspended sentences also reflects the judicial standards—many participants may just be intermediaries. The maximum term is only 4 years; compared with the amount involved, doesn’t that feel a bit mismatched?
View OriginalReply0
TokenomicsTailor
· 07-20 03:49
A 99% conviction rate—this data is brutal; it basically nails one out of every catch.
View OriginalReply0

  • Pinned

Sitemap