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What you need to know before registering a company in the UAE
Company Registration
Banking Solutions in the UAE & Oman
Corporate Compliance & Reporting
Annual Corporate Maintenance Services in the UAE
Legal & Corporate Support Services
Business Acquisition & Ready-Made Companies in the UAE
Corporate Legal Services in the UAE
Business Partnerships & Joint Ventures in the UAE
Types of companies in the UAE. Types of activities
UAE Visas
Government Bodies. What Issues They Address
Types of Legal Entities
Licensing
## Hacking Ringleader Sentenced
A Chinese national, identified as Chun, has been sentenced to 20 years in prison by the Seoul Central District Court. Chun was found guilty of orchestrating a large-scale hacking operation that targeted wealthy South Koreans, including BTS member Jungkook.
## Details of the Fraud
The court found Chun guilty of fraud and violating information network laws, resulting in the theft of over 38 billion won (approximately $27.2 million). The operation involved stealing personal data to activate mobile phones and drain victims' financial accounts.
## Lack of Remorse
The court highlighted Chun's deliberate targeting of affluent individuals and noted his lack of genuine remorse as significant factors in the sentencing.
## International Network
Prosecutors revealed that Chun was part of a broader international criminal network operating across borders, including Thailand. The scheme ran from August 2023 to January 2025.
## Attempted Theft of HYBE Shares
The hacking group also attempted to seize around 8.4 billion won in HYBE shares belonging to Jungkook. However, the agency managed to prevent the theft in time.
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