According to Yonhap News Agency, the South Korean Ministry of Planning and Finance recently responded to the tax law interpretation query on the transaction of encrypted asset issuers providing similar or dissimilar encrypted assets to members who own specific assets. According to the Ministry of Finance, according to the Inheritance and Gift Tax Act, the free transfer of assets is a gift, so free transfers of encrypted assets such as airdrops are transactions subject to gift tax. Third-party gifts of encrypted assets are taxed. The Ministry of Planning and Finance stated that "whether a specific virtual asset transaction is subject to gift tax is determined according to the transaction situation, such as whether actual property and profits are transferred."