Svmuu News: The South Korean National Tax Service is accelerating preparations for the taxation of virtual assets in 2027, including the establishment of a new Comprehensive Digital Assets Division and the development of a comprehensive virtual asset analysis system. A petition signed by 50,000 people calling for the repeal of the virtual asset tax has not yet been placed on the National Assembly’s agenda, and related discussions have stalled. Under the current tax system, capital gains from virtual asset investments are taxed at a rate of 22% after a deduction of 2.5 million won; stock investors are not subject to capital gains tax when trading shares on an exchange; and losses on virtual assets cannot be carried forward to offset gains in subsequent years. Discussions on this matter are expected to resume after the government announces its tax reform plan in late July.