[The South Korean Government to Tax Digital Asset Gains from Personal Wallets and Overseas Exchanges] According to a report by Digital Asset, the South Korean government has announced that gains generated from the transfer or lending of digital assets held in personal wallets or through overseas exchanges by residents will be subject to taxation. The digital asset tax will be implemented starting January 1, 2027, and will be taxed as other income, with a deduction threshold of 2.5 million KRW and a tax rate of 20%, with a maximum of 22% including local taxes. The South Korean National Tax Service will introduce transaction tracking and analysis programs and collect information on overseas exchanges through the overseas financial account reporting system and the Crypto-Asset Reporting Framework (CARF). The government is still studying specific taxation standards for digital assets obtained through staking, lending, airdrops, and hard forks.