A YOY Decline in Overseas Financial Account Declarations in Korea
This year saw 4,957 declarations filed for overseas financial accounts amounting to KRW 64.9 trillion (∼USD 56 billion). The number of declarations was down 8.5% from last year’s 5,419, representing a 65.2% decrease in the declared amount of KRW 186.4 trillion (∼USD 161 billion). Decline in Reported Overseas Financial Assets The sharp drop in both […]