Illegally smuggled silver worth W4.56b confiscated in Q1

Customs authorities have caught 14 cases of illegal silver smuggling worth 4.56 billion won ($3.08 million) in the first quarter, according to officials Wednesday. The seized amount during the January–March period is about 2.7 times higher in terms of value than those confiscated last year, according to the Korea Customs Service. The agency said it will launch an intensive crackdown to strictly combat silver smuggling, which has recently been exploited as a means of tax evasion and money launder

By The Korea Herald