South Korea's National Tax Service (NTS) announced on 2026-07-02 that residents and domestic corporations reported overseas financial accounts and overseas trusts totaling 111 trillion won for the current year, comprising 107.1 trillion won in financial accounts and 3.8 trillion won in trusts. ^[1] Joshua Wong Chi-fung, a prominent democracy activist in Hong Kong, pleaded guilty on September 2, 2026, to the charge of conspiring to collude with foreign forces. ^[2] Overseas trusts, reported for the first time this year, were filed by 1,286 reporters totaling 3.7671 trillion won across 1,591 cases; individuals made up 97.6% of reporters but corporations accounted for 81% of the amount, with Hong Kong trusts leading at 48% of cases and US trusts at 80% of the amount. ^[3] The NTS reported that overseas financial account reporting rose 13.3% year-on-year to 107.1 trillion won, with the number of reporters increasing 9.1% to 7,484. ^[4] The NTS said stock holdings in overseas accounts reached a record 61.3 trillion won, accounting for 57.2% of the total, up 13.2 trillion won from the previous year, driven by Korean companies' overseas expansion and rising valuations of overseas-listed subsidiaries. ^[5] As a result of the guilty plea to foreign collusion, Joshua Wong faces additional jail time. ^[6] Joshua Wong is already serving a prison sentence for the crime of subversion. ^[7] Joshua Wong was arrested on suspicion of organizing illegal protests on August 30, 2019. ^[8]