South Korean prosecutors indicted 20 people for illegally remitting about 4 trillion won ($3.2 billion) in overseas remittances and illegally profiting as much as 210 billion won ($170 million) from cryptocurrency kimchi premiums, Yonhap News Agency reported. , South Korean officials filed detention charges against 11 of them, and the other 9 were not detained. The defendants used 256 South Korean bank accounts disguised as foreign trade payments to transfer funds to other countries and buy cryptocurrencies from January 2021 to August 2022, and then sold the cryptocurrencies at high prices in South Korea. Prosecutors said that given the 5% premium on kimchi at the time of the violation, Kogyo is now in the process of confiscating 13.1 billion won ($10.6 million) of the total.