Lee Hyoung-il, South Korea’s nominee for Deputy Prime Minister for Economic Affairs and Minister of Finance and Economy, said detailed standards for the virtual-asset tax taking effect next year would be issued through a National Tax Service notice within this year to reduce taxpayers’ reporting burden. In response to a ruling party lawmaker’s question ahead of his National Assembly confirmation hearing, he said a corporate tax rate cut was not under consideration because the reduced rate restored this year remains in effect. Lee supported continued tax assistance for future growth engines, advanced industries and region-led growth alongside streamlining ineffective exemptions. He said capital-gains taxation, including the financial investment income tax, should be reviewed only after markets stabilize sufficiently. He also called for further public discussion of inheritance-tax reform, attributed recent real-estate overheating to excessive demand and a housing-supply shortage since 2022, and said he would respect the National Assembly’s judgment on a possible probe into single-stock leveraged ETFs.