Crypto
People Power Party pushes to abolish digital asset income tax after scrapping financial investment tax
South Korea\'s People Power Party has formalised as party policy a push to abolish an income tax on digital asset investment gains and is moving to pursue related legislation. At a meeting in Seoul, lawmakers and representatives of major exchanges discussed scrapping the planned taxation from Jan. 1, 2027. Lawmakers cited double taxation concerns, unequal treatment versus stocks and limits in the National Tax Service’s capacity and information systems.
