Scammers Impersonate Financial Chiefs to Lure Retail Investors Online
5 Articles
5 Articles
(Seoul = Yonhap News) Reporter Park Soo-hyun = "If you want to read the future of the economy and stay grounded, follow us now!"
According to data from the Financial Supervisory Service, in the first three months of 2026 there were 6,769 investment fraud cases, causing losses of 181.7 billion won; in 2025, 11,468 cases resulted in total losses of 391.6 billion won. Cambodia arrests over 20,000 online fraud suspects. Cambodia freezes over $300 million in online fraud crackdown. Raising awareness about preventing and combating online fraud.
Caution is advised as investment solicitations have recently been repeatedly made through accounts on social media impersonating celebrities, such as Bank of Korea Governor Shin Hyun-song.
Investment scams impersonating famous financiers and celebrities continue... 181.7 billion won in losses in the first quarter of this year
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