Nation’s First Direct Sale and Collection of Hidden Virtual Assets from Local Tax Delinquents

Paju City in Gyeonggi Province announced on the 28th that it received the Presidential Award (Grand Prize) at the "2025 Active Administration Best Practices Competition," held at the Government Complex Sejong on the 27th, for its case titled "Tracking Down Digital Hidden Assets to the End! The Nation's First Direct Sale and Collection of Cryptocurrency."

Panoramic View of Paju City Hall. Provided by Paju City

Panoramic View of Paju City Hall. Provided by Paju City

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The "Active Administration Best Practices Competition" is an annual event co-hosted and organized by the Ministry of the Interior and Safety, the Ministry of Personnel Management, and the Office for Government Policy Coordination, with the aim of innovating public service culture and discovering outstanding cases.


This year, a total of 140 outstanding cases from local governments were submitted to the competition. After the first and second preliminary rounds, Paju City's case was selected as one of the top six finalists. The final results were determined by combining the scores from the final presentation and the citizen jury evaluation.


Paju City became the first in the country to directly sell the virtual assets of local tax delinquents through a corporate account and promptly collect overdue taxes. This approach resolved the challenges of seizing virtual assets and the difficulties of collecting delinquent taxes caused by the delisting of non-mainstream virtual assets, and fundamentally blocked intentional asset concealment. These achievements are expected not only to establish a reliable fiscal foundation trusted by citizens but also to have a ripple effect as they are expanded to local governments nationwide.



Cho Woo-hyun, Head of the Budget and Legal Affairs Division, stated, "With this Presidential Award, we will further spread the culture of active administration throughout the public sector and continue to create changes that citizens can truly feel."


This content was produced with the assistance of AI translation services.

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