GOLD BARS FOUND IN SOUTH KOREA AIRPORT TRASH POSE LEGAL QUANDARY

UPI on 3rd June reported that South Korean authorities are facing a dilemma following the discovery of more than 2 lb of gold bullion in a trash receptacle at Incheon International Airport.  The 7 gold bars were discovered in April 2018 by an airport custodian.  Korean law penalises smuggling, but the transfer terminal is a “duty-free zone” and the gold was never technically brought into Korea, possibly placing the suspects in a legal grey area.  The gold could even be returned to the suspects.

https://www.upi.com/Top_News/World-News/2019/06/03/Gold-bars-found-in-South-Korea-airport-trash-pose-legal-quandary/7891559582184/

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: