Crypto

Digital asset taxation four months away, calls to redesign blanket other-income classification

With digital asset taxation set to begin next year, a proposal has emerged to revise the current system that classifies both transfer and lending income as other income. Speakers at a National Assembly forum said income categories should reflect the economic substance of different transaction types, including trading, mining and staking. They also called for stronger enforcement infrastructure, including linking transaction data across domestic and overseas exchanges and personal wallets.

Telecommunications & Media

SKT to keep building AI capabilities after losing security-focused model bid

SK Telecom, which failed to win a government project to develop a cyber security-focused AI foundation model, said it will continue to strengthen its own AI capabilities. The Ministry of Science and ICT selected the Naver Cloud consortium as the final operator after a presentation evaluation of two consortia, including Naver Cloud and SKT. SKT said it would discuss future cooperation with participating organisations and continue securing cyber security AI capabilities.