[2026 National Assembly Audit] Lee Hyeongil: "Will Decide After Gathering Views from Virtual Asset Industry and National Assembly"

Lee Hyeongil, Deputy Prime Minister and Minister of Finance and Economy, said regarding the taxation of virtual assets, "We will gather the views of experts, the industry and the National Assembly, and make a careful decision."

Lee made the remarks on the 22nd during a comprehensive audit by the National Assembly's Finance and Economy Planning Committee, in response to a question from Yoon Hudeok of the Democratic Party of Korea about virtual asset taxation.

Yonhap News Agency

Virtual asset taxation, which is set to take effect on January 1 next year, is increasingly likely to be postponed once again due to institutional shortcomings, including difficulties securing overseas transaction data and the lack of loss carryforward deductions.

Asked about a recent meeting held by Kwon Daeyoung, First Vice Minister of Finance and Economy, to hear the industry's views, Lee said, "The aim is to hear more from experts and the industry before making a decision."

In response to a question from Lim Ija of the People Power Party about whether virtual asset taxation should proceed as planned, Lee said, "We are considering it carefully."

When Lim pointed out that "overseas exchanges are not obligated to submit transaction statements to us," Lee said, "We believe we will receive the information through CARF (the Crypto-Asset Reporting Framework)," adding, "Other countries are also moving forward under the current system."

This content was produced with the assistance of AI translation services.