#korean-won — Public Fediverse posts

South Korea’s Hidden Crisis: AI Chips, Debt & Won Collapse
https://youtu.be/sJBhFc-Q54Y

#SouthKoreaEconomy
#KoreanWon #Semiconductors #AIChips #Samsung #SKHynix #RealEstateCrisis #GlobalMacro

South Korean Fugitive Arrested In Las Piñas City

The Bureau of Immigration (BI) announced that it apprehended a South Korean fugitive  in Las Piñas City for illegal online gambling operations

To put things in perspective, posted below is an excerpt from the BI’s official announcement. Some parts in boldface…

In line with the directive of President Ferdinand Romualdez Marcos Jr. to intensify the crackdown on foreign fugitives and transnational crimes, the Bureau of Immigration (BI) reported the arrest of a South Korean national wanted by international authorities for operating illegal online gambling operations.

BI Fugitive Search Unit (FSU) agents, in coordination with the Korean National Police Agency and the Philippine National Police–Integrity Monitoring and Enforcement Group, arrested Lee Jonghak, 37, on Tuesday morning , April 14, at a residence in a subdivision in Pamplona Dos, Las Piñas City.

Lee is the subject of an Interpol Red Notice issued in 2025, stemming from an arrest warrant released by the Incheon District Court on the same year for violations of South Korea’s National Sports Promotion Act related to illegal online gambling operations.

Investigations by Korean law enforcement revealed that from August 2021 until recently, Lee and his accomplices operated at least 23 illegal online gambling websites from different locations.

The group reportedly managed sports betting and casino-style games, recruited members, and facilitated financial transactions, generating over KRW 5.33 billion in profits. Authorities estimate the syndicate’s total earnings to have exceeded KRW 350 billion.

Lee reportedly served as an assistant manager overseeing multiple operational teams composed of around 300 employees. The exact amount he personally received remains under investigation.

Records from the BI showed that Lee last arrived in the Philippines in 2024 and was admitted under a probationary permanent resident visa. He was later included in the Bureau’s blacklist and watchlist as an undesirable alien and fugitive from justice.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you thankful to the Bureau of Immigration for arresting the fugitive?  

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

South Korean Fugitive Arrested In Las Piñas City

The Bureau of Immigration (BI) announced that it apprehended a South Korean fugitive  in Las Piñas City for illegal online gambling operations

To put things in perspective, posted below is an excerpt from the BI’s official announcement. Some parts in boldface…

In line with the directive of President Ferdinand Romualdez Marcos Jr. to intensify the crackdown on foreign fugitives and transnational crimes, the Bureau of Immigration (BI) reported the arrest of a South Korean national wanted by international authorities for operating illegal online gambling operations.

BI Fugitive Search Unit (FSU) agents, in coordination with the Korean National Police Agency and the Philippine National Police–Integrity Monitoring and Enforcement Group, arrested Lee Jonghak, 37, on Tuesday morning , April 14, at a residence in a subdivision in Pamplona Dos, Las Piñas City.

Lee is the subject of an Interpol Red Notice issued in 2025, stemming from an arrest warrant released by the Incheon District Court on the same year for violations of South Korea’s National Sports Promotion Act related to illegal online gambling operations.

Investigations by Korean law enforcement revealed that from August 2021 until recently, Lee and his accomplices operated at least 23 illegal online gambling websites from different locations.

The group reportedly managed sports betting and casino-style games, recruited members, and facilitated financial transactions, generating over KRW 5.33 billion in profits. Authorities estimate the syndicate’s total earnings to have exceeded KRW 350 billion.

Lee reportedly served as an assistant manager overseeing multiple operational teams composed of around 300 employees. The exact amount he personally received remains under investigation.

Records from the BI showed that Lee last arrived in the Philippines in 2024 and was admitted under a probationary permanent resident visa. He was later included in the Bureau’s blacklist and watchlist as an undesirable alien and fugitive from justice.

Let me end this post by asking you readers: What is your reaction to this recent development? Are you thankful to the Bureau of Immigration for arresting the fugitive?  

You may answer in the comments below. If you prefer to answer privately, you may do so by sending me a direct message online.

+++++

Thank you for reading. If you find this article engaging, please click the like button below, share this article to others and also please consider making a donation to support my publishing. If you are looking for a copywriter to create content for your special project or business, check out my services and my portfolio. Feel free to contact me with a private message. Also please feel free to visit my Facebook page Author Carlo Carrasco and follow me on Twitter at @CarloCarrascoPH as well as on Tumblr at https://carlocarrasco.tumblr.com/ and on Instagram athttps://www.instagram.com/authorcarlocarrasco

For more South Metro Manila community news and developments, come back here soon. Also say NO to fake news, NO to irresponsible journalism, NO to misinformation, NO to plagiarists, NO to reckless publishers and NO to sinister propaganda when it comes to news and developments. For South Metro Manila community developments, member engagement, commerce and other relevant updates, join the growing South Metro Manila Facebook group at https://www.facebook.com/groups/342183059992673

South Korean Bitcoin Premium Rises to 2.23% Amid Market Volatility - This week, bitcoin’s price briefly exceeded $70,000 per coin before declining afte... - https://news.bitcoin.com/south-korean-bitcoin-premium-rises-to-2-23-amid-market-volatility/ #marketvolatility #cryptocurrency #marketupdates #upbitexchange #btcpremium #southkorea #koreanwon #bitcoin #crypto #mtgox

South Korean Bitcoin Premium Rises to 2.23% Amid Market Volatility - This week, bitcoin’s price briefly exceeded $70,000 per coin before declining afte... - https://news.bitcoin.com/south-korean-bitcoin-premium-rises-to-2-23-amid-market-volatility/ #marketvolatility #cryptocurrency #marketupdates #upbitexchange #btcpremium #southkorea #koreanwon #bitcoin #crypto #mtgox

Solana’s Rocky Start to 2024 — SOL’s Value Dips Over 6% Amidst Previous Year’s Highs - During the initial week of 2024, the digital currency solana experienced a sharp d... - https://news.bitcoin.com/solanas-rocky-start-to-2024-sols-value-dips-over-6-amidst-previous-years-highs/ #cryptocurrency #marketupdates #solana(sol) #southkorea #koreanwon #solmarket #altcoin #crypto #solana

Solana’s Rocky Start to 2024 — SOL’s Value Dips Over 6% Amidst Previous Year’s Highs - During the initial week of 2024, the digital currency solana experienced a sharp d... - https://news.bitcoin.com/solanas-rocky-start-to-2024-sols-value-dips-over-6-amidst-previous-years-highs/ #cryptocurrency #marketupdates #solana(sol) #southkorea #koreanwon #solmarket #altcoin #crypto #solana

South Korea’s Crypto Surge — Navigating the ‘Kimchi Premium’ and Massive Trade Volumes - Recent data reveals that South Korea’s crypto trading volume has surged in recent ... - https://news.bitcoin.com/south-koreas-crypto-surge-navigating-the-kimchi-premium-and-massive-trade-volumes/ #cryptocurrency #bitcoin(btc) #southkorea #koreanwon #bithumb #crypto #upbit #news #btc #sol

South Korea’s Crypto Surge — Navigating the ‘Kimchi Premium’ and Massive Trade Volumes - Recent data reveals that South Korea’s crypto trading volume has surged in recent ... - https://news.bitcoin.com/south-koreas-crypto-surge-navigating-the-kimchi-premium-and-massive-trade-volumes/ #cryptocurrency #bitcoin(btc) #southkorea #koreanwon #bithumb #crypto #upbit #news #btc #sol

Solana Tops $100 After Monumental 764% Growth This Year - On Saturday, the smart contract platform Solana’s token, solana (SOL), eclipsed th... - https://news.bitcoin.com/solana-tops-100-after-monumental-764-growth-this-year/ #marketsandprices #sambankman-fried #cryptocurrency #solanamarkets #solana(sol) #solanaprice #koreanwon #crypto #solana #ftx

Solana Tops $100 After Monumental 764% Growth This Year - On Saturday, the smart contract platform Solana’s token, solana (SOL), eclipsed th... - https://news.bitcoin.com/solana-tops-100-after-monumental-764-growth-this-year/ #marketsandprices #sambankman-fried #cryptocurrency #solanamarkets #solana(sol) #solanaprice #koreanwon #crypto #solana #ftx

Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets - In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency ... - https://news.bitcoin.com/worldcoins-turbulent-debut-down-53-from-peak-with-85-wld-held-in-just-6-wallets/ #centralization #cryptocurrency #marketvalue #wintermute #koreanwon #worldcoin #altcoins #ethereum #optimism #binance #decline #trading #uniswap #usdcoin #wallets #tether #volume #peak #usdc #usdt #weth #okx #wld

Worldcoin’s Turbulent Debut: Down 53% From Peak With 85% WLD Held in Just 6 Wallets - In just over 25 days since its listing debut on July 24, 2023, the cryptocurrency ... - https://news.bitcoin.com/worldcoins-turbulent-debut-down-53-from-peak-with-85-wld-held-in-just-6-wallets/ #centralization #cryptocurrency #marketvalue #wintermute #koreanwon #worldcoin #altcoins #ethereum #optimism #binance #decline #trading #uniswap #usdcoin #wallets #tether #volume #peak #usdc #usdt #weth #okx #wld