The National Tax Service of Korea is expected to implement a trade monitoring program to analyze cash flows among digital asset wallets in order to close the tax gap for virtual assets in personal wallets.

The Korean government said that digital assets in personal wallets and on exchanges abroad remain subject to tax if income arises from transfers or lending activities.

For digital assets stored on foreign exchanges, Korea is expected to handle the reporting through the Crypto Asset Reporting Framework (CARF).

Source: https://tintucbitcoin.com/han-quoc-theo-doi-tai-san-ao-trong-vi-ca-nhan-de-lap-lo-hong-thue/

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