South Korea’s Ministry of Personnel will conduct regular reports before February 29, and declared assets include virtual assets.

South Korean Ministry of Personnel Management announced on the 2nd that it will require approximately 290,000 public officials to submit regular reports on their financial changes through the civil service ethical system by February 29, 2024. The declared assets include real estate, securities, bonds, liabilities, jewelry, antiques, art, membership rights, and intellectual property. Starting this year, virtual assets and virtual asset deposits have been added. Those who are obligated to register their assets must report all virtual assets and deposits they hold, regardless of the amount or quantity. The changes in the assets of the object of the asset disclosure will be integrated and disclosed through the public service ethical system at the end of March.