South Korea recorded 423 cases of virtual asset inheritance and gifting in 2025, with a combined value of KRW 45.862 billion, according to data from the National Tax Service cited by JoongAng Ilbo. The figures were 2.4 times and 3.4 times higher year over year, respectively. Transfers involving minors also rose: 103 cases of crypto gifts to people under 18 were reported, totaling KRW 4.034 billion, up about 2.7 times from KRW 1.47 billion in 2024. South Korea is also preparing to tighten tax oversight of virtual assets starting in 2027. Under the plan, virtual asset service providers including Upbit and Bithumb will be brought into the unified inquiry system for financial assets related to inheritance and gifting. The latest numbers point to a sharp rise in the use of virtual assets in wealth transfers, including among younger recipients, as regulators move to widen reporting and verification tools.
South Korea logged 423 cases of virtual asset inheritance and gifting in 2025, with a combined value of KRW 45.862 billion, according to National Tax Service data cited by JoongAng Ilbo.
That was 2.4 times higher in case count and 3.4 times higher in value than a year earlier.
Of those, 103 cases were gifts of virtual assets to minors under 18, totaling KRW 4.034 billion. Big jump. The amount was about 2.7 times above KRW 1.47 billion in 2024.
South Korea is set to tighten tax oversight of virtual assets from 2027. So Upbit, Bithumb and other virtual asset service providers, or VASPs, will be folded into a unified inquiry system that covers financial assets tied to inheritance and gifting.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
