I ran the page through a tracer. Looks like a scam. The IP is in South Korea, but phone number is associated in Australia. Also, the email is bot automated. and the website has tons of sketchy cookies trying to get your information (nothing serious but shouldn't be on a website).

I wouldn't send money to them.

I have a friend in Korea who whats to send me money from Korea to USA and in return I will buy bitcoin and send to him.

Can someone who knows more about this inform me/us any precautions we will need to take?
Is this at all illegal?
Will i get audited by IRS? 50,000 is a lot of money flowing through my bank/
Will he get audited?
Can the money get frozen in wire transfer?

Thanks, I appreciate all the info. 

Looking for Arbitrage Partner in Korea, would like to do within legal limitations, payments to be made in ETH or ripple, Sales and proceeds to be sent back in Eth. Let me know so we can work something out, big opportunities right now with some alt coins! Would like to split everything 50/50.

email: bps0114@gmail.com

I am willing to work with any Korean traders to make money off of the difference between the USA exchange and the Korean exchange.  I am in the USA and can send cheaper coins to Korea.  I have done this successfully before and have hit the 50000 limit.  We can split the profits.  Shoot me an email if you are interested: bps0114@gmail.com