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Kim Min-seok says ruling party to reach conclusion this year on digital asset tax

South Korea\'s ruling party will reach a final conclusion within the year on digital asset taxation ahead of its planned implementation in January. Democratic Party leader Kim Min-seok raised the need for a concentrated final review, and said he also proposed the idea to Deputy Prime Minister and Finance Minister Lee Hyung-il. Under the current system, taxation is set to begin on Jan. 1, 2027, after three postponements. Industry groups cite unclear standards for various transaction types and gaps in reporting infrastructure.

Crypto

DigitalX provides compliance training for all employees

DigitalX has moved to strengthen controls over “high-risk transactions” that involve manual employee work, such as airdrops, event rewards and mistaken transfers. The company said on Oct. 22 it held second-half 2026 compliance training for all employees, led by its risk management division. The programme covered processing procedures by transaction type, approval standards and reporting systems. It also reviewed internal controls to prevent mispayments and basic compliance rules.

Crypto

Exchange major shareholder stake cap kept despite delays in digital asset law, raising fears of chilled financial investment

As the institutionalisation of South Korea’s digital asset market is delayed, financial authorities are again stressing the need to limit major shareholders’ stakes in exchanges, heightening industry concerns. The Financial Services Commission is considering a 20 percent cap, with options such as allowing up to 34 percent under conditions or limiting voting rights. With second-stage legislation stalled, uncertainty is affecting deals and investments involving Naver Financial, Dunamu, Coinone and Korbit.