According to reports from Yonhap News Agency and the Daily Economic News, South Korea's Ministry of Health and Welfare announced plans to revise the Basic Pension Act. When determining the "income recognition amount" for qualifying for basic pension benefits, they plan to include overseas financial assets and cryptocurrencies (virtual assets). This institutional reform aims to respond to the guidelines from the Board of Audit and Inspection regarding the current property reflection mechanism's inadequacies, closing loopholes that high-net-worth individuals might exploit by using domestic property investigation gaps to receive pensions, and to improve the fairness of the system. Under the proposed bill, the government will require applicants to declare overseas income and assets and will strengthen the linked audit of tax information.