South Korean ministry confirms virtual asset tax to start next January

South Korea's Ministry of Finance and Economy will proceed with virtual asset taxation as planned next January, an official confirmed today. This marks the first time the ministry has publicly stated its position on the matter. Moon Kyung-ho, director of the ministry's Income Tax Division, said the National Tax Service (NTS) is currently preparing the specific taxation plan, Edaily reported. "We expect the NTS notification to be pre-announced for legislation soon," Moon added. He also noted that the NTS is coordinating the practical details through multiple meetings with the country's five major virtual asset service providers: Dunamu, Bithumb, Coinone, Korbit, and Gopax.