KPL
(KPL/Yonhap) The Republic of Korea's financial watchdog said Sunday it has requested authorities to block access to 1,428 websites and online posts accused of facilitating illegal financial investment schemes.
(KPL/Yonhap) The Republic of Korea's financial watchdog said Sunday it has requested authorities to block access to 1,428 websites and online posts accused of facilitating illegal financial investment schemes.
The Financial Supervisory Service (FSS) said it made the request to the Korea Communications Standards Commission after reviewing 4,325 reports and complaints filed last year.
Of those cases, the FSS requested police investigations into 60 cases deemed to involve concrete illegal acts.
The most common type of investment scam involved scammers impersonating officials from securities firms or registered investment companies, accounting for 28 cases, the FSS said.
The second most prevalent type was fraudulent investment advisory services, with 14 cases, followed by illegal investment trading schemes, with 11 cases, the watchdog added.
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