[South Korea's Deputy Prime Minister: Digital Asset Tax to Be Implemented as Scheduled in 2027, Adjustments to Be Made if Necessary] According to DigitalAsset, South Korea's Deputy Prime Minister and Minister of Economy and Finance, Koo Yun-cheol, stated during a plenary session of the National Assembly's Planning and Finance Committee that the taxation on digital assets will be implemented as planned on January 1, 2027. Adjustments and improvements to the system can be made if necessary thereafter. Under the current Income Tax Act, income from digital asset transactions exceeding 2.5 million KRW will be subject to a 20% tax rate (up to 22% including local taxes). The tax was originally scheduled for implementation in 2022 but has been postponed three times due to insufficient infrastructure and other reasons. In response to concerns raised by People Power Party lawmaker Kim Sang-hoon about the lack of loss carryforward deductions potentially leading to reduced domestic demand and capital outflows, Koo noted that stock investments are also not eligible for loss carryforward deductions. He added that the taxation system can be reviewed and improved at any time after implementation.