A banker checks greenback payments at Hana Financial institution’s Counterfeit Notes Response Middle in Seoul, Nov. 5, 2025. Yonhap
The federal government launched an interagency process pressure Thursday to crack down on unlawful overseas trade transactions amid the continued depreciation of the native foreign money, the finance ministry stated.
The duty pressure includes officers from the Ministry of Financial system and Finance and 5 different authorities businesses, together with the Nationwide Intelligence Service, the Financial institution of Korea and the Monetary Supervisory Service.
The ministry stated unlawful overseas trade transactions have turn into more and more advanced and complicated, making it tough for a single company to successfully examine and reply.
It added that the federal government plans to dismantle boundaries between businesses and leverage their respective experience to trace and uncover unlawful cross-border fund flows.
The transfer comes as a part of broader efforts to reply to the continued weakening of the Korean gained in opposition to the U.S. greenback.
