South Korea
Digital Asset
People Power Party: 'Crypto Taxation Is Premature' Becomes Official Party Position — Deferral or Repeal to Be Discussed Later
- The People Power Party set as official party policy that digital asset taxation is premature and should not yet be implemented.
- Whether to permanently cancel the tax or merely postpone its enforcement will be determined in further party discussions.
- Spokesperson Choi Su-jin argued that taxing digital assets is inconsistent while stock investment income remains untaxed, despite agreeing with the general principle of taxing income.