South Korea's National Tax Service: Cryptocurrency earned from overseas employment must be declared and subject to income tax.

According to Digital Asset, the National Tax Service (NTS) of South Korea has clarified that virtual assets received as labor income from overseas companies must be declared in the comprehensive income tax return. In March of this year, the NTS received an inquiry asking whether residents who sign individual incentive contracts with foreign companies and receive cryptocurrency from them are required to declare it as foreign-sourced income. [Foresight News]