South Korea’s tax agency has warned that officers may visit homes to seize offline cryptocurrency holdings — including so-called “cold wallets” — if owners fail to settle unpaid tax bills.

According to reports , the National Tax Service (NTS) made the comments in statements first reported on October 9.

Seizures And Past Collections

The move comes as part of a wider push by tax authorities that has already seen large sums recovered from delinquents.

Reports show the NTS and regional teams confiscated and sold about 146 billion won from 14,140 people between 2021 and 2024. In 2021 alone, the first year of forced collections, officials recovered 71 billion won from 5,741 cases.

Local governments have also been active. Cheongju city says it has seized crypto from 203 residents since

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