South Korea's Deputy Prime Minister: Prudently assess the virtual asset taxation policy for 2027 and widely solicit opinions

South Korean Deputy Prime Minister and Minister of Strategy and Finance Lee Hyung-ryul stated that in response to the virtual asset taxation policy planned for implementation in 2027, various opinions proposed by the National Assembly, as well as those from experts, industry professionals, and relevant stakeholders, will be widely collected.

South Korean lawmaker Kim Sang-hoon questioned that several months before the implementation of virtual asset taxation, the relevant infrastructure is still not complete, including insufficient tracking and verification capabilities for trading records on overseas exchanges, DEX, DeFi, and other platforms. Regarding the expected tax scale brought by virtual asset taxation, Lee Hyung-ryul stated that there are indeed parts that are "difficult to accurately grasp." Since taxation requires obtaining taxpayer declaration data first, further tax estimation can only be conducted after the relevant declaration system is launched next year, and related policies will be carefully evaluated.