"An Astounding 2.4 Billion Won"... Scalper Buys Apartment and Commercial Property by Selling Ticket Trams

[Anchor]

A man in his 30s who bought up tickets for popular concerts and sports events and resold them at a premium has been forwarded to the prosecution in custody. Investigations revealed that he sold nearly 9,000 scalped tickets over a period of seven years and seven months, with total sales reaching 2.4 billion won.

Reporter Kim Gyu-ri has the story.

[Reporter]

A man in his 30s, identified as Mr. A, has been sent to the prosecution in custody for using automated input repetition programs, known as "macros," to purchase about 9,000 tickets for popular events like idol concerts and reselling them as scalped tickets.

After graduating from college and without any regular occupation, he pulled off this scheme over seven years and seven months by mobilizing accounts belonging to seven other people, including family members and relatives.

For instance, he resold BTS concert tickets originally priced at 110,000 won for 3 million won—nearly 30 times the original price—and sold tickets for Tottenham Hotspur's visiting match to South Korea the year before last, which originally cost 400,000 won, for 1.65 million won.

Total sales amounted to about 2.4 billion won, and police estimate that roughly two-thirds of this sum constitutes criminal proceeds.

Police found that he used the money earned from scalping tickets to buy an apartment and two commercial properties located in Gyeonggi Province. Police stated that they have taken pre-indictment attachment measures on about 1.3 billion won, which includes two commercial properties and deposits, alongside an apartment that had already been sold.

Mr. A even registered as an e-commerce business operator to make his ticket scalping appear like a legitimate business, and circumstances indicating he recently attempted to destroy various pieces of evidence were also captured.

Police explained that after coming across news reports regarding the arrest of ticket scalpers in March, Mr. A closed his business registration and formatted his computers and cell phones.

The Gyeonggi Bukbu Provincial Police Agency stated that it will continue its investigation into the largest domestic scalping transaction social media group chat room that was closed early this year, and take the lead in normalizing the performance market by persistently tracking criminal proceeds.
※ Please note: This article was translated by AI and may contain errors.