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Chairman of the Financial Services Commission of Korea: Taxation on virtual assets must fully consider multiple factors, the digital asset bill has entered the final negotiation stage

According to a report by the Korean News Agency, Lee Won-ik, Chairman of the Financial Services Commission, stated during a comprehensive inspection at the National Assembly's Political Affairs Committee regarding the taxation of virtual assets to be implemented next year, "Various circumstances need to be fully considered." On the same day, People Power Party member Song Yeon-sik questioned whether to abolish or postpone the taxation, stating that the nature of digital assets and policy direction have not yet been determined, and that the "Basic Law on Digital Assets" should be prioritized. Lee Won-ik responded that the relevant legislation on digital assets is in the final negotiation stage and discussions will be promoted as soon as possible; regarding taxation, opinions from various parties are diverse, and collection of opinions is still ongoing.The taxation of virtual assets in South Korea was introduced in 2020 through amendments to the Income Tax Act, having been postponed three times previously. The government is currently advancing administrative procedures according to the timeline for implementation in January next year, but some in the industry and even within the ruling party believe that due to unclear standards and insufficient infrastructure, the timing for implementation is not yet mature.

Tencent Cloud opens Yuanbao search, multiple vendors launch search API

According to Beating reports, Tencent announced the opening of Yuanbao Search to developers through Tencent Cloud, supporting API, MCP, and Skill access. Tencent disclosed that this search service has an index of hundreds of billions, with an average daily call volume of hundreds of millions, and has supported over 50 internal businesses including WorkBuddy, ima, and Tencent Video. The underlying technology of Yuanbao Search comes from Sogou Search, integrates Tencent's content ecosystem, and connects to 157 authoritative sources across 13 industries including finance, healthcare, and law.Records from the Tencent Cloud Internet Search API show that this service went live on July 1, 2025. Alibaba Cloud launched its independent Internet Search API on March 20 of the same year; Volcano Engine upgraded its existing service to Doubao Search in June this year and officially released it to the public in July; DeepSeek opened its self-developed search engine's Search and Fetch API on October 17. The prices for Yuanbao Search's Express, Standard, and Premium versions are 14 yuan, 20 yuan, and 26 yuan per thousand calls, respectively, with an additional monthly free quota of 2,000 calls; the Express version only supports public web sources. The price for DeepSeek Search API is 5 yuan per thousand successful requests, Alibaba Cloud OpenSearch Lite is 12 yuan, and the Pro version was reduced to 18 yuan on October 15.
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