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Crypto

People Power Party to review timing of digital asset tax amid fairness issues after financial investment tax repeal

South Korea\'s People Power Party said it will re-examine the current digital asset tax framework, including the planned start in January 2027. It cited difficulty in accurately identifying investors\' acquisition costs and gains due to trading via overseas exchanges and personal wallets. The party also raised concerns about tax fairness between digital assets and stocks after the financial investment income tax was abolished. It called for clearer rules for staking and DeFi and alignment with the Digital Asset Basic Act under discussion in parliament.

Finance

Digital asset institutionalisation picks up pace as big platforms clash over entry into online lending industry

Cooperation between traditional financial firms and crypto-asset operators is expanding, with moves by Kakao Group, brokerages and exchanges. In the United States, the OCC gave preliminary approval to two digital banks pursuing crypto custody and stablecoin business. In South Korea, the Democratic Party plans to draw up a Digital Asset Basic Act this year. Competition is also shifting across platform finance, raising questions about entry rules, conflicts of interest, consumer choice and security.

Finance

Hecto Financial\'s stablecoin benefits coming into view, record results seen

iM Securities forecasts Hecto Financial will post its best-ever results this year, citing improving profitability in its existing payments business and potential expansion in stablecoin-based global payments and settlement. Analyst Lee Sang-heon said stablecoin benefits are becoming visible under an environment of record earnings. He expects changes in digital finance could accelerate if legislation provides a legal basis for issuing and distributing won-denominated stablecoins.