South Korea
Block Media
People Power Party: "Rushing Digital Asset Taxation Will Burden Investors — Tax System Must Be Reexamined"
- The PPP says digital asset taxation infrastructure remains inadequate, particularly for verifying acquisition costs from overseas exchange and personal wallet transactions.
- The party points to the absence of clear tax standards for new types of digital asset transactions and calls for greater equity in tax treatment across asset classes.
- Floor Leader Jeong Jeom-sik indicated the party will review the overall taxation framework, including a possible delay to the January implementation date.