North Korea sold illegal gambling websites to South Korean criminal ring, spy agency says

North Korea sold illegal gambling websites to South Korean criminal ring, spy agency says

Article brief provided by The Korea Times
  • The Korea Times
February 14, 2024 2:54 PM
  • The Korea Times
  • South Korea

A North Korean entity under its Workers’ Party has made thousands of illegal online gambling websites and sold them to a South Korean cyber crime ring for hefty profits, the spy agency here said Wednesday.

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Gyonghung Information Technology, a 15-member group based in Dandong, a Chinese border town neighboring the North’s Sinuiju, has allegedly received $5,000 from the unidentified South Korean criminal organization for creating a single website and $3,000 per month for maintaining the website, according to the National Intelligence Service (NIS).

It was also suspected of receiving an additional $2,000 to $5,000 if the website gathers a lot of users through bank accounts held by Chinese nationals and global online payment service PayPal.