Foreign real estate transactions, including overseas funds and virtual assets, will be subject to reporting starting on the 10th.

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News 1 reported that the government is significantly strengthening real estate transaction reporting requirements to curb real estate speculation by foreigners. Foreigners will be required to report their residency status and residence, and the scope of submission of a financing plan, including details of overseas financing, will be expanded. The financing plan will now include details of overseas financing, including overseas deposits, overseas loans, and the names of overseas financial institutions. Other financing items will now include proceeds from the sale of virtual currency, in addition to the existing stock and bond sales proceeds.

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