[Special Report] Thailand’s US$580 Million Asset Freeze Case Raises Concerns for Korean Investors

- US$165,000 Transaction Triggers US$580 Million Asset Freeze - Korean Investors Confront Thailand’s Growing “Commingling Risk”

Diplomacy Journal Reporter Lee Gil-ju | As South Korea and Thailand move toward implementing a Comprehensive Economic Partnership Agreement (EPA), the two countries are entering an unprecedented phase of economic cooperation. South Korea emerged as the largest source of foreign direct investment (FDI) in Thailand during the first quarter of 2023, while Thailand’s total investment promotion applications reached a record high of approximately US$60.2 billion in 2025. Yet amid this optimistic outlook, a recent US$580 million asset-freeze dispute has raised growing international concerns over the