South Korea's Audit and Inspection Board has recommended changes to the country's pension system to include digital assets in the calculation of basic pension eligibility. According to ChainCatcher, the board's report highlights the economic value of digital assets, which are currently excluded from the property scope defined by the basic pension law. This exclusion allows individuals with substantial digital assets to qualify for pension benefits.
The board argues that digital assets should be recognized as property with clear economic value, despite their differing form from traditional financial assets. The Ministry of Health and Welfare agrees with this assessment, acknowledging the need to prevent relatively high-income individuals from the lower 70% income bracket from receiving basic pension benefits. The ministry supports the inclusion of digital assets in the property calculation for pension eligibility.#SouthKorea #DigitalAssets #PensionSystem #EconomicValue #FinancialPolicy #BasicPension #MinistryOfHealthAndWelfare #Blockchain #WealthManagement