According to CoinMeta, South Korea's Vice Prime Minister and Minister of Planning and Finance Koo Yun - cheol stated at the plenary meeting of the National Assembly's Financial Economy and Planning Committee that the taxation of digital assets will be implemented as planned on January 1, 2027, with the possibility of further improvements to the system if necessary thereafter. Under the current Income Tax Law, a tax rate of 20%, up to 22%, applies to income from digital asset transactions exceeding 2.5 million Korean won. In response to concerns raised by National Power Party member Kim Sang - hoon regarding the lack of application for loss carryforward deductions, Koo noted that stock investments are also not eligible for such deductions, and that the system can be reviewed and improved at any time after taxation is implemented.