South Korean Deputy Prime Minister: The digital asset tax will be implemented as scheduled in 2027

According to DigitalAsset, South Korean Deputy Prime Minister and Minister of Planning and Finance Koo Yun cheol stated at a plenary session of the National Assembly's Finance and Economic Planning Committee that the taxation of digital assets will be implemented as planned on January 1, 2027, and the system can be supplemented and improved if necessary thereafter. According to the current income tax law, the portion of digital asset trading income exceeding 2.5 million Korean won is subject to a 20% tax rate, with a maximum of 22%. In response to concerns raised by National Power Party member Kim Sang hoon about the non application of loss carryover deductions, Koo stated that stock investments are also not eligible for loss carryover and can be reviewed and improved at any time after taxation.