South Korea2026.09.30Digital Asset

People Power Party Meets Deputy Prime Minister for Economy, Urges 'Crypto Taxation Should Be Deferred or Scrapped'

• Jeong Jeom-sik, floor leader of the People Power Party, met Deputy Prime Minister and Finance Minister Lee Hyung-il on September 30 at the National Assembly main building in Yeouido, Seoul.
• Jeong argued that digital asset taxation should not be rushed and called for it to be either deferred or abolished outright.
• He cited concerns that forcibly imposing the tax would trigger capital flight to Hong Kong and Singapore, and noted his party has already proposed bills to defer or repeal the tax, urging the government to act cautiously.