Vietnam-Based Phishing Ring Dismantled by Police

• •54 members of the phishing ring were arrested, including two Korean leaders.
• •The group defrauded 110 victims of 8.1 billion won ($5.6 million) by impersonating officials.
• •Victims were primarily young professionals, with 93% in their 20s and 30s.

On October 28, 2026, the Seoul Metropolitan Police Agency dismantled a phishing ring named 'Daedong Dangyeol' operating from Vietnam, which defrauded 110 victims of 8.1 billion won ($5.6 million). The group impersonated government officials, including court clerks and prosecutors, to deceive victims into believing their accounts were linked to criminal activities. The investigation began in January 2026 after Vietnamese authorities identified South Koreans committing fraud during an inspection. Police arrested 54 members, including two ringleaders, and seized the largest amount of evidence ever recovered in such operations, including scripts and electronic devices. Most victims were young professionals in their 20s and 30s, with losses averaging 73 million won each. The group isolated victims in lodgings and used psychological pressure to extract money.