Net asset inflows to South Korea’s five largest cryptocurrency exchanges fell 56.8% year over year to 2.05 trillion won ($1.5 billion) from January through August, while net outflows from Korbit and Gopax to overseas exchanges rose 74.2% to 480.2 billion won ($355.2 million). Won deposits at the five platforms declined 32.3% between January and August, while stablecoin-linked amounts increased 28.7% and nearly doubled relative to won deposits. The movements come before a planned 22% tax on annual virtual-asset gains above 2.5 million won from Jan. 1, 2027, after three deferrals. The Ministry of Economy and Finance and National Tax Service are preparing reporting standards but have not secured separate tax-revenue estimates. The People Power Party supports abolishing the tax, while Democratic Party of Korea lawmaker Min Byung-duk has called for loss carryforwards and implementation after passage of the Digital Asset Basic Act.