From Malay Mail · Malay Mail · · 1m 20s
K-pop scalper arrested for RM7m ticket scheme
South Korean police arrest man who allegedly resold 8,967 K-pop tickets for RM7.06m over seven years
In brief
South Korean police arrest man who allegedly resold 8,967 K-pop tickets for RM7.06m over seven years Scalper used family accounts and macros to buy tickets at low prices and resold them at 27x markups Originally reported by Malay Mail.
Scalper arrested
South Korean police arrested a man in his 30s for allegedly reselling 8,967 K-pop tickets and sporting event tickets at inflated prices
“A man in his 30s has been arrested for allegedly reselling 8,967 tickets to K-pop concerts, sporting events and other high-demand occasions at inflated prices”
RM7.06m revenue
The suspect allegedly generated RM7.06 million in revenue from ticket resales over more than seven years
“Generating about 2.4 billion won (RM7.06 million) in revenue over more than seven years”
Ticket markups
BTS concert tickets were resold at 27x markups, with one ticket bought for 110,000 won and sold for 3 million won
“In one case, he allegedly resold a BTS concert ticket in Seoul in 2019 for three million won after buying it for 110,000 won”
Scalping methods
The suspect used automated macro programs and relatives' accounts to purchase tickets at low prices
“Police said the man allegedly used automated macro programmes and accounts belonging to relatives to secure the tickets”
Resale examples
Stray Kids tickets were resold at 12x markups, with one ticket bought for 165,000 won and sold for 2 million won
“He was also accused of selling a Stray Kids concert ticket in 2025 for two million won after paying 165,000 won”
Profit margins
About two-thirds of the resale revenue represented profit, with 1.6 billion won in profit from 2.4 billion won total
“Police estimated that about two-thirds of the 2.4 billion won in resale revenue, or roughly 1.6 billion won, represented profit”
Business disguise
The suspect registered an e-commerce business to make ticket resales appear legitimate
“Police said he registered an e-commerce business to make his activities appear legitimate and avoid attracting scrutiny over large amounts of money moving through his bank account”
Social media network
The suspect ran a group chat with over 1,300 members for illicit ticket trading information
“The man was also active in a large social media group chat allegedly used for illicit ticket trading”
Asset seizure
Authorities froze two commercial properties and financial claims worth 1.26 billion won in alleged criminal proceeds
“Investigators identified two commercial properties and financial claims in his name worth a combined 1.26 billion won as alleged criminal proceeds”
What matters most
Scalper used family accounts and macros to buy tickets at low prices and resold them at 27x markups
