The South Korean government will implement a cryptocurrency tax as planned in January next year. The National Tax Service is currently drafting a related notice, which is expected to be released soon along with a legislative announcement. Moon Kyung-ho, head of the Income Tax Division of the Ministry of Finance, stated that the National Tax Service has conducted several practical adjustments with five major cryptocurrency operators: Upbit, Bithumb, Coinone, Korbit, and Gopax. Under the current income tax law, starting January 1st next year, income from the transfer or lending of cryptocurrency assets will be classified as other income, and a comprehensive tax rate of 22% will be levied on income exceeding 2.5 million won, including a 20% income tax and a 2% local income tax. This policy will affect approximately 13.26 million investors.