Search results for Digital Assets Basic Act
Crypto
Ruling, opposition spar over digital asset tax as government says it will decide after review
South Korea\'s ruling and opposition parties clashed over a digital asset tax set to take effect in January. Democratic Party lawmaker Yoon Ho-jung said repeated delays have undermined policy consistency and noted major countries already tax digital assets. People Power Party lawmaker Lim I-ja raised concerns over fairness between domestic and overseas exchanges and said tax infrastructure remains insufficient. The government said it has not decided whether to proceed or delay again.
Finance
Audit 2026: Security gaps, ETF losses in spotlight as loans and digital asset rules also questioned
South Korea\'s parliamentary audit put major financial issues under scrutiny, from a string of hacking incidents to leveraged single-stock ETFs and real estate loan curbs. Lawmakers questioned the effectiveness of regulators\' security inspections and policy measures, and raised issues including market disruption risks, household loan management and internal controls at state-run banks. The audit also addressed the direction of the National Growth Fund and long-term debt collection practices.
Finance
Governance reform, digital assets legislation in focus as financial agenda may accelerate after election
South Korea\'s financial sector is turning its attention to regulators and parliament after the June 3 local elections, with a range of delayed policy issues expected to return to the agenda in the second half. These include governance reforms at financial holding firms, possible restrictions on jeonse loans for non-resident single-home owners, a no-fault compensation scheme for voice phishing victims, the Digital Assets Basic Act and revisions to the Microfinance Act.
