[South Korea's National Tax Service Reminds to Declare Overseas Financial Accounts Exceeding 500 Million KRW] The South Korean National Tax Service requires residents and corporations holding overseas financial accounts (including overseas virtual asset accounts) exceeding 500 million KRW in 2025 to declare them to the relevant tax authority between June 1 and June 30, 2026. Failure to declare as required may result in fines, public disclosure of names, and criminal penalties. For more details, please refer to the National Tax Service's official website or consult relevant institutions.