The suspect was identified as Oh Gyu Il, 49, native of Seoul, South Korea, and a temporary resident of 1716 M. H. Del Pilar street in Malate, Manila.
Oh was arrested by joint elements of the NBI and Bureau of Immigration (BI) at the lobby of Diamond Hotel in Ermita, Manila.
The arrest was made after the Korean authorities coordinated with the immigration officials.
Oh was said to be wanted by the Korean National Police Agency for violation of the Act on Economic Crimes.
NBI officials said Oh, who is detained at the BI detention cell, would be immediately deported. Cecille Suerte Felipe