The South Korean government is set to overhaul its virtual asset taxation framework, targeting cryptocurrency airdrops and staking rewards. This initiative, reported by the Korea Economic Daily, aims to close existing loopholes and establish clear rules for digital asset holders. The National Tax Service (NTS) is considering a 'comprehensive principle' that would classify any economic benefit from virtual assets as taxable income, even if not explicitly listed in current laws. This move follows the introduction of a capital gains tax on cryptocurrency profits exceeding 2.5 million won in January 2025. The comprehensive principle would broaden the tax base to include benefits from hard forks, mining, and liquidity pool rewards, providing clarity for investors but posing administrative challenges. The timeline for implementation remains uncertain, with potential legislative amendments and inter-ministerial discussions expected to extend into 2026.