Man Gets 6 Years for Selling Fake Tickets to IU and Lim Young Woong’s Concerts

iu concert ticket price
iu concert ticket price
Credit: News1

A 30-year-old man has been sentenced to prison for defrauding people out of hundreds of millions of won by selling fake tickets on secondhand trading websites amidst rampant illegal ticket scalping of concerts by famous singers like IU and Lim Young Woong.

According to News1 on the 16th, Seoul Central District Court recently sentenced Kim, charged with fraud and other offenses, to six years in prison. Kim committed fraud approximately 130 times through secondhand trade applications like Karrot Market and the online community Junggonara.

In October 2022, he fraudulently obtained 650,000 won (approx. 485 USD) by promising to transfer BLACKPINK concert tickets upon receiving payment. In the following month, he posted on selling Lim Young Woong concert tickets and swindled 450,000 won. Previously, from May to August 2022, he lured victims on Junggonara with posts about selling Lim Young Woong concert tickets, fraudulently accumulating over 216.04 million won (approx. 161,000 USD) from 80 instances.

Kim also obtained victims’ credit card information in a KakaoTalk open chat room under the guise of transferring IU concert tickets. He applied for credit card loans with this information, and once the loan amount was deposited into the victims’ accounts, he deceitfully claimed, “The canceled payment has been deposited, so please send it to me,” and received a total of 59.13 million won (approx. 44,000 USD) over 51 instances.

The total criminal proceeds Kim garnered from concert and musical ticket scams, camera sales, game money, and department store gift card sales, victimizing 31 people, amounted to approximately 595.44 million won.

The court stated, “The defendant’s crime is serious, involving a considerable number of victims and a significant amount of damage,” and emphasized, “Despite being charged and tried for fraud, he continued his criminal activities, using the proceeds for gambling and cryptocurrency investments, necessitating a corresponding punishment.” However, Kim has appealed the sentence.

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