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South Korea recoups 33.9 billion won in cross-border tax arrears over nine months, to receive overseas crypto asset reports starting next year

2026-04-28 02:42

Odaily Planet Daily News: Since the launch of a new system in July 2025, the National Tax Service of South Korea has recovered 33.9 billion won in delinquent taxes through cross-border tax cooperation over the past nine months, accounting for the majority of the total cross-border recoveries since 2015.

According to reports, starting next year, South Korea will receive virtual asset transaction data from 56 countries based on a new crypto asset reporting framework, and plans to exchange information on overseas real estate holdings and transactions from 2030. (The Korea Times)