However, regulators remain firm on implementing the planned digital asset gains tax, with Economy and Finance Minister nominee Lee Hyoung-Il stating over the weekend that the plan is on schedule. The tax, set to take effect on Jan. 1, 2027, will apply a 22% effective rate to annual gains from digital assets exceeding a 2.5 million won (approximately $1,856) basic deduction. The plan has already been postponed three times since 2022.