Economy
South Korean National Arrested in Hua Hin Over Billion-Baht Investment Scam
Thai authorities have apprehended a 67-year-old South Korean man accused of leading a major real estate fraud scheme targeting his compatriots.
On September 8, 2026, Thai police, led by the Central Investigation Bureau, arrested a 67-year-old South Korean national identified as Mr. Han at a luxury residence in Hin Lek Fai, Hua Hin, Prachuap Khiri Khan province. According to Khaosod Online, the arrest follows an investigation into a criminal group known as 'Korea Black Invest.'
Authorities allege that since 2020, Mr. Han and his associates defrauded fellow South Korean citizens by soliciting investments in Thai real estate, including land and condominium projects. The total damages from the scheme are estimated to exceed 1 billion baht. The suspect was apprehended under an arrest warrant issued by the Criminal Court for 'collusion in fraud.'
For residents and expatriates, this case highlights the importance of conducting thorough due diligence when engaging in high-value property investments, particularly those involving cross-border transactions. While the arrest marks a significant step in the legal proceedings, the full extent of the network's operations and the recovery of funds for the victims remain subject to ongoing investigation. Further details regarding the legal process and potential extradition or prosecution in Thailand are yet to be confirmed by the authorities.