South Korea
Digital Asset
People Power Party's Kim Jae-seob Proposes Bill for Three-Year Delay in Crypto Taxation
- Rep. Kim Jae-seob and nine fellow PPP lawmakers submitted the Income Tax Act amendment on September 23, proposing a three-year delay to crypto taxation.
- This marks the fourth PPP-sponsored bill aimed at delaying or abolishing digital asset taxation.
- The PPP's opposition became public in March when Rep. Song Eon-seok (then floor leader) led a bill to abolish digital asset taxation altogether, followed by a related bill from Rep. Jeong Seong-guk.