Gate News message, on April 13, the Korea Board of Audit and Inspection released the “Report on the Actual Status of Monitoring the Operation and Management of the Senior Welfare System,” requiring the Minister of Health and Welfare to amend relevant laws and include digital assets within the asset calculation scope reviewed for basic pensions (a retirement subsidy provided by the Korean government to low-income elderly people). The Board of Audit and Inspection stated that digital assets have clear economic value, but the asset range specified under the current basic pension law does not include digital assets, which may cause people holding large amounts of digital assets to still be included among those eligible to receive basic pensions. The Board of Audit and Inspection argued that digital assets should be treated as assets with clearly defined economic value; even if their form differs from traditional financial assets, there is no difference in the value of the assets themselves. The Ministry of Health and Welfare agreed, saying it is necessary to prevent the relatively higher-income top 70% of the non-income segment from receiving basic pensions, and it agreed that digital assets should be included in the asset calculation scope.
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