According to South Korea's *Electronic News*, the country plans to impose taxes on virtual asset transfers and lending income starting January 1, 2027. Annual net income exceeding 2.5 million KRW will be taxed at 20%, and the effective tax rate, including local income tax, will be 22%. However, during the "2027 Virtual Asset Tax System Review Forum" held by South Korea's National Assembly on September 3, several experts argued that the current system, which categorizes different types of crypto income uniformly as "other income," no longer reflects the realities of the market. Park Jong-soo, President of the Korean Tax Law Association, suggested that in the future, trading profits could be classified as capital gains, lending income as interest income, profit-sharing as dividend income, commercial mining as business income, while complex transactions like staking and liquidity provision should have their income types split and taxed accordingly. South Korea's current crypto tax system, introduced in 2020, has been postponed three times, but its basic framework remains unchanged. https://(wublock123.com)/news/news-67737