Korean Parliament Recognizes Virtual Assets as Legitimate Property in Assets Disclosure Bill

Korean Parliament Recognizes Virtual Assets as Legitimate Property in Assets Disclosure Bill

A new bill has been approved by South Korea’s National Assembly, mandating high-ranking government officials and legislators to disclose their virtual assets in an assets report. The amendment to the Public Service Ethics Act now also covers virtual assets, such as cryptocurrencies, that were previously excluded from the assets report. The bill, approved on May 25, 2023, aims to enhance …

Continue Reading