The Financial Supervisory Service said on the 14th it imposed administrative sanctions in 979 cases for violating legal filing and reporting obligations in processes such as foreign currency remittances, and referred 93 cases for criminal investigation.
In 2025, Financial Supervisory Service (FSS) inspected a total of 1,072 cases in which foreign exchange transaction counterparties violated regulations, of which 629 cases (58.7%) received fines and 350 cases (32.6%) were given warnings as administrative sanctions. The remaining 93 cases (8.7%) were reported to investigative agencies.
By counterparty, corporations accounted for 631 cases (58.9%) and individuals 441 cases (41.1%), with a higher share for corporations. However, the number of actions against individuals has also been increasing recently. By transaction type, overseas direct investment was the most common at 478 cases (44.6%). That was followed by monetary loans at 161 cases (15.0%), real estate transactions at 97 cases (9.0%), and securities transactions at 88 cases (8.2%).
By obligation type, violations of new filing requirements were the most common at 577 cases (53.8%), followed by change filings and reports at 372 cases (34.7%), and post-reporting at 99 cases (9.2%). The Financial Supervisory Service (FSS) said, "There are cases where transaction counterparties, whether individuals or corporations, suffer disadvantages because they are not well aware of the filing and reporting obligations set out in the Foreign Exchange Transactions Act," adding, "We will continue to encourage banks and others to provide thorough guidance on statutory obligations when handling foreign exchange transactions."