South Korea
Block Media
[BlockFesta 2026] Kim Sang-hoon: "Digital Asset Taxation Should Launch Only After Proper Preparation — Overhaul the Tax System First"
- Rep. Kim Sang-hoon (People Power Party) called for a two-year delay of the digital asset income tax set to take effect in January next year.
- He chairs the People Power Party's Special Committee on Stock and Digital Asset Value-Up and made the remarks at BlockFesta 2026 in Seoul.
- He urged a full overhaul of the tax system first, citing unclear scope of taxable assets and uncertain tax revenue estimates, including fixes to income classification, loss offsetting, and acquisition cost calculation.