South Korean bill seeks to include crypto in pension eligibility calculation

A bill has been introduced in South Korea's National Assembly to include virtual assets and certain overseas financial assets when calculating income for basic pension eligibility, Pinpoint News reported. The move addresses fairness concerns that these assets were previously excluded from property assessments. Representative Seo Young-seok, a member of the assembly's Health and Welfare Committee, announced on June 29 that he had proposed the partial amendment to the Basic Pension Act.