Techub News reports that, according to CryptoBriefing, Wen Jinghao, Director of the Income Tax Division of South Korea's Ministry of Economy and Finance, stated at the Virtual Asset Tax Policy Forum on May 7 that the government insists on implementing a 22% cryptocurrency asset income tax (with an annual exemption of 2.5 million Korean won) in January 2027, dismissing criticisms of unfair policies and calls for delays.

The department emphasized that legislation on virtual asset taxation was passed in 2020, independent of financial investment tax reforms, and that under international accounting standards, cryptocurrency assets are regarded as intangible assets with legal consistency.
The official pointed out that the fixed 22% tax rate may be more favorable to high-income earners than progressive capital gains tax, and that loss carryforward restrictions are also present in other financial tax systems.