According to reports from Yonhap News Agency and Daily Economic News, South Korea's Ministry of Health and Welfare announced plans to amend the Basic Pension Act. The proposed changes aim to include overseas financial assets and cryptocurrencies (virtual assets) in the calculation of the 'income recognition amount' for determining basic pension eligibility. This reform is intended to address the Board of Audit and Inspection's guidance on deficiencies in the current asset reflection mechanism, close loopholes exploited by high-net-worth individuals to claim pensions through gaps in domestic asset investigations, and enhance the fairness of the system. Under the proposed bill, applicants will be required to declare overseas income and assets, with strengthened tax information audits to ensure compliance. https://(wublock123.com)/news/news-59573