People familiar with the matter: South Korea's Ministry of Finance is considering a 20% tax on cryptocurrency trading income

According to relevant officials, the South Korean Ministry of Finance has been considering a 20% tax on cryptocurrency trading income, but it has not been finalized. Officials said the Treasury has recently ordered its income tax office to review a tax plan for cryptocurrencies. The tax office has previously reviewed the plan. The move sparked speculation that the government could classify the benefits of cryptocurrency transactions as other benefits rather than capital gains. A government official, who spoke on condition of anonymity, said that the Ministry of Finance has not finalized plans to tax cryptocurrencies, however, the government may impose a 20% tax on cryptocurrencies.