EMBASSY OF THE REPUBLIC
OF THE PHILIPPINES


SEOUL REPUBLIC OF KOREA

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PUBLIC ADVISORY: PHILIPPINE EMBASSY IN SEOUL ISSUES WARNING ON CRYPTOCURRENCY TRADING SCAMS


22 January 2018 - It has come to the attention of the Philippine Embassy in South Korea that some members of the Filipino Community have fallen victim to scams linked to cryptocurrency trading.

Members of the Filipino Community in South Korea report losing their hard-earned money after being lured to join an online cryptocurrency trading company which promised 25 to 100 percent profit and weekly payouts. In the first couple of months, the victims reportedly doubled their money. This lured them to steadily increase their "investments" into cryptocurrency trading as well as to recruit friends and family to join the scheme. However, the company started missing its weekly payouts and the victims eventually lost contact with the company's representatives in South Korea who reportedly absconded without returning their investments.

Cryptocurrency are digital or virtual currencies that only exist online such as bitcoin, etherium, litecoin, ripple, among others. Although cryptocurrency reportedly has huge earning potential for early investors, authorities warned that it is an unstable investment and is currently unregulated.

In light of the foregoing, the Philippine Embassy warns the public to be vigilant and beware of scams involving cryptocurrency.

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Other News


January 29, 2026
PHILIPPINE EMBASSY IN SEOUL JOINS 44TH INTERNATIONAL CUSTOMS DAY

23 January 2026, Seoul–Philippine Ambassador to the Republic of Korea Bernadette Therese C. Fernandez joined Korea Customs Service (KCS) Commissioner Myeong-ku Lee, senior officials, and members of the diplomatic corps in celebrating the 44th International Customs Day on 23 January 2026 at Novotel Ambassador Seoul Gangnam. The event underscored the vital role of customs in securing and facilitating global trade—a field of growing cooperation between the Philippines and the Republic of Korea. In his address, Commissioner Lee highlighted that modern customs go beyond processing goods, serving as a critical function for trade facilitation, supply chain security, and public safety. He also noted KCS’s use of artificial intelligence and digital technologies to improve efficiency, inspections, and risk response. These initiatives align with the Philippines’ customs reform efforts and ongoing collaboration with the KCS, including information exchange, capacity-building, and technical cooperation to strengthen enforcement, risk management, and trade facilitation. END

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January 28, 2026
PHILIPPINE EMBASSY IN SEOUL EXPLORES COLLABORATION WITH EAAFP ON MIGRATORY BIRD CONSERVATION

25 January 2026, Seoul. Philippine Ambassador to the Republic of Korea, H.E. Bernadette Therese C. Fernandez and the Embassy’s Political and Economic Section met with Ms. Jennifer George, Chief Executive of the East Asian-Australasian Flyway Partnership (EAAFP) Secretariat on 21 January 2026. Ms. George was accompanied by Ms. Jisun Lee, Foundation Officer and Ms. Kyle Esperanza Zuleta, Program Officer of EAAFP.Ambassador Fernandez highlighted the strong complementarities between the conservation of migratory birds and the promotion of sustainable tourism, noting that many key bird migration areas in the Philippines overlap with the country’s prime tourism destinations. Advancing regional cooperation for migratory bird protection would likewise help raise awareness of the Philippines’ wetlands and coastal ecosystems. The Ambassador further emphasized the importance of integrating tourism and cultural dimensions into this undertaking, citing Philippine dances inspired by bird movements as expressions of the country’s deep cultural connection to nature.Ms. George conveyed that the EAAFP is an active partnership of 22 countries and 18 partners working together to conserve migratory waterbirds, their habitat and the livelihoods of people who depend on them.  Building on the success of the EAAFP’s 12th Meeting of Partners (MOP12) in Cebu City, Philippines from 14 to 18 November 2025, EAAFP and Embassy officials had a productive discussion on further exploring areas of collaboration on conservation of migratory waterbirds and their habitat.  The Philippines remains an important flyway for migratory birds with seven (7) designated Flyway Site Networks in the country, including the Olango Island Wildlife Sanctuary, Naujan Lake National Park, Tubbataha Reefs Natural Park, Negros Occidental Coastal Wetlands Conservation Area, Lake Mainit, Agusan Marsh Wildlife Sanctuary and Sibugay Wetland Nature Reserve. END

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January 28, 2026
PHILIPPINES SEEKS EL SALVADOR SUPPORT FOR UN SECURITY COUNCIL CANDIDATURE

20 January 2026 – Philippine Ambassador to the ROK Bernadette Therese C. Fernandez paid a courtesy call on H.E. Federico Miguel Guerrero Avendaño, Ambassador of the Republic of El Salvador to the Republic of Korea, reaffirming the warm and friendly relations between the Philippines and El Salvador. 

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