[South Korea Seizes Illegal Foreign Exchange Transactions Worth 7.2 Trillion Won in the First Half of the Year] Jin10 News, July 27 — According to Yonhap News Agency, the Korea Customs Service announced on Monday that illegal foreign exchange transactions worth 7.2 trillion won (approximately $4.92 billion) were seized in the first half of the year. The Korea Customs Service stated that from January to June this year, a total of 792 cases of illegal foreign exchange transactions were uncovered, involving violations such as the illegal transfer of foreign exchange overseas and the concealment of overseas assets. Some cases involved export companies receiving export payments in cryptocurrencies instead of legal currencies like the U.S. dollar, thereby failing to repatriate foreign exchange earnings back to South Korea. Korea Customs Service Commissioner Lee Jong-wook stated that, given the recent volatility in the foreign exchange market being regarded as one of the major risks facing South Korea's economy, the Customs Service will strengthen cooperation with relevant departments such as the Ministry of Economy and Finance.