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| TITLE | [Violation of the Foreign Exchange Transactions Act]Supreme Court Decision 2005Do1603 Delivered on May 8, 2008 [full Text] |
|---|---|
| Summary | |
| [1] Whether incidental affairs, which are directly necessary and closely related to the ""payment, collection and receipt between the Republic of Korea and a foreign country,"" fall within the scope of ""foreign exchange affairs"" as provided in Article 3 (1) 14 (e) of the Foreign Exchange Transactions Act (affirmative) [2] The case holding that the acts of a person who is engaged in so-called ""foreign exchange game affairs"" by having received money with commission, including marginal profits at the exchange rate from an unnamed person wanting to remit money to someone in United States fall within the scope of ""foreign exchange affairs"" as provided in Article 3 (1) 14 (e) of the Foreign Exchange Transactions Act | |
