[South Korea's Ministry of Finance and Economy Denies Reports of "Perpetual Contracts on Overseas Virtual Asset Exchanges Being Classified as Derivatives and Taxed"] Foresight News reports that South Korea's Ministry of Finance and Economy has issued a statement denying reports that "perpetual contracts on overseas virtual asset exchanges are being classified as derivatives and taxed," specifically addressing the article cited by the Maeil Business Newspaper. No decision has yet been made regarding whether products traded on overseas virtual asset exchanges will be taxed, or what method of taxation will be used. Previously, Foresight News reported that, according to South Korea's Maeil Business Newspaper, the Ministry of Finance and Economy had decided to classify US stock perpetual contracts as overseas stock derivatives and include them in the scope of capital gains tax.