South Korea's National Tax Service is set to introduce a taxation system for virtual assets starting January 2027, with preparations underway for the May 2028 comprehensive income tax filing. The system will classify income from the transfer and leasing of virtual assets as "other income," imposing a 22% tax rate on annual gains exceeding 2.5 million KRW. This move is expected to impact approximately 13.26 million individuals. To support this initiative, the tax agency plans to collect data from major exchanges such as Upbit, Bithumb, Coinone, Korbit, and Gopax starting next year. Additionally, a comprehensive virtual asset analysis system is expected to be launched by the end of this year. Despite these developments, discussions around tax standards and potential capital outflows remain ongoing.