South Korean audit board calls for including crypto in pension reviews

South Korea's Board of Audit and Inspection has called on the Ministry of Health and Welfare to amend the law to include virtual assets in property assessments for basic pension eligibility, Digital Asset reported. In an audit report on the elderly welfare system released on April 13, the board stated that the ministry should revise the Basic Pension Act to count economically valuable overseas financial assets and digital assets when calculating income. The board argued this measure would enhance fairness in determining eligibility and prevent financial leakage.