PANews April 28 news, according to The Korea Times report, since the introduction of the new system by the Korean National Tax Service in July 2025, it has recovered 33.9 billion won (about 23 million dollars) in unpaid taxes over the past nine months by collaborating with the tax authorities of three countries, which accounts for most of the total amount of 37.2 billion won retrieved through cross-border efforts since 2015. The National Tax Service has exchanged information with 163 jurisdictions to track assets hidden overseas. Starting next year, South Korea will receive virtual asset transaction data from 56 countries based on the new cryptocurrency reporting framework. From 2030, it will also exchange information regarding overseas real estate holdings and transactions. The National Tax Service has also participated for the first time in foreign bankruptcy proceedings, asserting claims against a real estate developer that filed for bankruptcy in Indonesia and successfully obtained creditor status.

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