Virtual assets account for 70% of South Korea’s overseas financial account amount report

Odaily Planet Daily News The South Korean Taxation Department announced that starting this year, overseas virtual assets will be included in the reporting scope of domestic personal and corporate overseas financial accounts, and the amount will triple, reaching a record high. A total of 5,419 people reported overseas financial accounts this year, with a reported amount of 186.4 trillion won. The amount of virtual assets reported was 130.8 trillion won, accounting for 70.2% of all reported assets. In terms of deposit accounts, stock accounts, etc., the reported amount was 55.6 trillion won. In terms of virtual assets, 73 companies reported 120.4 trillion won, accounting for 74.3% of the total.