South Korea Uncovers KES 211 Billion Capital Flight in Aggressive Forex Crackdown - streamlinefeed.co.ke
South Korea Uncovers KES 211 Billion Capital Flight in Aggressive Forex Crackdown - streamlinefeed.co.ke
Source: streamlinefeed.co.ke
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DW NOTE
South Korea found $1.6 billion in illegal capital outflows — money leaving through fake invoices, shell companies, and misstated trade documents. Every forex crackdown finds the same thing: when you restrict capital movement, capital moves anyway, just underground. The won has lost 8% against the dollar since January. People aren't fleeing the country, they're fleeing the currency.