[South Korea to Launch Global Information Sharing Mechanism for Crypto Asset Transactions] The South Korean government plans to share crypto asset transaction information with global tax authorities to enhance tax transparency and combat cross-border tax evasion. According to reports, South Korea's Ministry of Economy and Finance will issue an administrative notice this month regarding the implementation of the 'Crypto-Asset Reporting Framework' (CARF). CARF is a system jointly established by 48 countries, including the United Kingdom, Germany, and Japan, aimed at preventing offshore tax evasion through the annual automatic exchange of virtual asset transaction data between countries. Crypto exchanges within South Korea, such as Upbit and Bithumb, will be included in the information-sharing scope, covering transaction data of non-resident investors. Additionally, starting next year, transaction records of South Korean investors on overseas crypto exchanges will also be shared with the National Tax Service of South Korea.