South Korea is set to implement taxation on digital asset transfers and lending income starting January 1, 2027, according to a statement by the Ministry of Economy and Finance. This follows comments from Jung Tae-ho, a Democratic Party member of the National Assembly's Planning and Finance Committee, who emphasized the necessity of implementing the tax despite previous delays. The ruling Democratic Party plans to discuss the tax reform proposal once it is submitted to the committee. Meanwhile, the opposition People Power Party has proposed an amendment to abolish the digital asset tax, with a decision expected by the end of the year. This ongoing debate highlights the differing political views on digital asset taxation in South Korea.