[Lee Hyoung-il: Taxation on Virtual Assets Has Limited Impact on Most Small Investors, Market Shock Expected to Be Manageable] At a hearing, South Korea's Deputy Prime Minister and Minister of Economy and Finance nominee Lee Hyoung-il stated that taxation on virtual assets imposes a relatively small burden on most investors and is not expected to cause significant market disruption. Approximately 95% of investors hold assets worth less than 5 million KRW. In cases where acquisition costs cannot be verified, 50% of income can be considered necessary expenses, combined with a basic deduction of 2.5 million KRW. As a result, the actual tax burden on small investors is limited, and the appreciation of assets prior to the implementation of taxation will not be included in the taxable scope. (Source: Digital Assets)