Korea National Tax Service: Cryptocurrencies account for over 70% of South Korea's reported overseas assets

ChainCatcher news, the National Tax Service of Korea (NTS) announced that this year, 1,432 individuals and businesses reported overseas cryptocurrency accounts. The total amount of reported cryptocurrency is 130.8 trillion won, equivalent to 98 million USD, accounting for over 70% of the total reported overseas assets. According to official data, a total of 5,419 entities reported their overseas financial accounts, holding assets such as cryptocurrencies, stocks, and deposits totaling 186.4 trillion won (1.4 billion USD). The NTS stated that the tax regulatory agency plans to conduct strict examinations of those who have not reported overseas financial accounts.