According to CoinMeta, as reported by Digital Asset, the South Korean government has announced that earnings generated from the transfer or lending of digital assets held by residents through personal wallets or overseas exchanges are subject to taxation. The digital asset tax will be implemented starting from January 1, 2027, and will be taxed as other income, with a deduction of 2.5 million Korean won and a tax rate of 20%, plus local taxes of up to 22%. The South Korean National Tax Service will introduce transaction tracking and analysis procedures, and collect information on overseas exchanges through the overseas financial account declaration system and the Automated Information Exchange Framework for Cryptocurrency Assets ( CARF ). The government is still studying the specific taxation standards for digital assets obtained from staking, lending, airdrops, and hard forks.