<Anchor>
In 2018, when the price of cryptocurrency rose significantly, the Korea Customs Service is tracking a Chinese organization that abused the so-called'Kimchi Premium', which has a relatively higher market price in Korea. They bought an apartment with the money they earned by selling virtual currency bought in China.
This is reporter Jo Sung-hyun
<Reporter>
In January 2018, Mr. A, a Chinese, started a cryptocurrency arbitrage transaction with a local Chinese organization.
When Mr. A deposits yuan into the account designated by the Chinese fan chii organization, a local member of the local organization purchased cryptocurrencies such as bitcoin from China and sent it to Mr. A's electronic wallet in Korea.
Mr. A sold cryptocurrency sent from China on a Korean exchange and converted it into cash, and imported 450 million won in Korea over 11 times in two months, including the so-called ``Kimchi Premium,'' whose market price in Korea is higher than that of other countries.
Then he is accused of violating the Foreign Exchange Act by buying an apartment with this money.
Another Chinese, Mr. B, exported 2 billion won worth of masks and protective clothing to China in February last year, when Corona 19 was in full swing.
The Korea Customs Service said it is investigating 17 foreigners who have bought 16 apartments in downtown Seoul over the past three years with criminal funds such as hwanchigi and customs portals.
In addition, 44 foreigners who do not live in Korea are investigating the allegations of violating the Foreign Exchange Transaction Act because they did not report the acquisition amount and reason while buying apartments.