According to Foresight News, the South Korean National Tax Service (NTS) announced that 1,432 individuals and businesses have reported their overseas cryptocurrency accounts this year. The total amount of reported cryptocurrencies is 130.8 trillion won (approximately $98 million), accounting for over 70% of the total reported overseas assets. Official data shows that a total of 5,419 entities have reported their overseas financial accounts, holding a combined total of 186.4 trillion won ($1.4 billion) in assets, including cryptocurrencies, stocks, and deposits.

The NTS stated that tax authorities are planning to conduct strict inspections on those who have not reported their overseas financial accounts.