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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.

Crypto

Upbit SHIB volume jumps on kimchi premium, matches Binance

Upbit’s trading volume for Shiba Inu (SHIB) in the won market has risen to a level matching Binance’s spot volume, according to a blockchain media report. Upbit’s SHIB/KRW daily turnover was $5.29 million, outpacing other global exchanges such as OKX and Bybit. The surge coincided with signs of fund movements by a large Korean investor and internal wallet transfers by Upbit. A re-emerging “kimchi premium” also helped drive demand.

Crypto

Korbit rebrands as Digital X, completes Mirae Asset brand integration

Mirae Asset’s digital-asset investment platform Korbit is changing its service name to Digital X from Sept. 16. The move follows an August change to its corporate name and completes brand integration work after joining the Mirae Asset Group. Digital X said it will update its domain, app icon and broader brand identity. It also urged users to beware of phishing during the transition and to check changes through official channels.