South Korean public officials are required to declare personal and family property matters before the end of February, and a new category of virtual assets will be added starting this year

Odaily News South Korea’s Ministry of Personnel Management announced that it will conduct regular property change reports for about 290,000 public employees in 2024, with the deadline being February 29; these employees will declare the property of themselves, their spouses and immediate family members in the previous year in February every year. Changes. Declared assets include real estate, securities, bonds, liabilities, jewelry, antiques, artworks, membership rights, intellectual property, etc. Starting this year, new virtual assets and virtual asset deposits will be added. Public officials who are obliged to register property must report all virtual assets and deposits held (including by themselves, their spouses and immediate family members), regardless of amount or quantity. Changes in assets subject to asset disclosure will be integrated and disclosed through the public ethics system at the end of March. (News1)