South Korean retail traders’ scam losses rose to $250 million amid market swing
Asia-Pacific2 sources2 countries🔦 Under-reported12m ago
South Korean retail traders have suffered $250 million in financial losses due to investment scams amid recent stock market swings, according to official data.
While the total monetary value involved in these fraudulent schemes surged by 19.8% compared to the same period last year, the actual volume of reported cases saw a much more modest increase of only 4.1%.
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Japan Times (JP)Highlights the percentage increases in both monetary losses and case numbers.
Newz