TechFlow News, May 7: According to Edaily, South Korea’s Ministry of Economy and Finance has issued its first official statement on taxing virtual assets, confirming that the relevant tax regime will be implemented as scheduled in January next year. The ministry is currently preparing a notice from the National Tax Service and plans to launch the legislative announcement procedure shortly. This statement was made at a seminar co-hosted by Member of Parliament Park Soo-young and the Korean Tax Policy Association. Reports indicate that the ministry is now drafting detailed tax guidelines, which will be publicly released later.
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