South Korea’s Ministry of Economy and Finance: Virtual asset taxation will be implemented as scheduled in January next year, and a draft of the related announcement will be released shortly.

According to Edaily, South Korea’s finance ministry has officially announced its position on taxing virtual assets for the first time, stating that the relevant tax regime will be implemented as scheduled in January next year and that it is preparing a National Tax Service (NTS) notice, with plans to launch the legislative预告 procedure shortly. This statement was made during a seminar hosted by lawmaker Park Soo-young and the Korean Tax Policy Association. The report indicates that the finance ministry is currently drafting specific tax guidelines, which will be publicly released later.