MANILA, April 12 -- Immigration authorities arrested a South Korean national wanted in his home country for a string of criminal cases due to alleged involvement in counterfeit currency trading worth over 30 million Korean won (around PHP1.2 billion).

In a statement Friday, the Bureau of Immigration (BI) said 26-year-old Jang Junseok was intercepted by officers from the border control and intelligence unit (BCIU) at the Ninoy Aquino International Airport (NAIA) Terminal 1 after attempting to board a Philippine Airlines flight to Busan on April 7.

The foreigner was arrested after his name prompted a hit on the BI's derogatory list indicating that he is subject of a watchlist order from the bureau, as well as of a red notice issued by the...