"Prince Group" in the Korean bank 91 billion Korean won assets frozen
2025-10-21 12:13:31
According to Red Star News, after the United Kingdom and the United States jointly sanctioned Cambodia's "Prince Group" and its founder Chen Zhi, the South Korean government is also considering imposing financial sanctions on the group and related organizations. It is reported that the Financial Intelligence Unit under the South Korean Financial Services Commission plans to coordinate with relevant departments and is expected to implement sanctions within this month. Five Korean banks, including Kookmin Bank, have taken the lead in freezing the assets of "Prince Group" over 91 billion won. Data show that "Prince Group" conducted 52 transactions at the Cambodian branches of five Korean banks, involving more than 197 billion won.
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