South Korea
Digital Asset
Deputy Prime Minister Lee Hyung-il: "We will broadly gather input from the National Assembly and industry on crypto asset taxation"
- Deputy PM Lee Hyung-il said the government will widely gather input from the National Assembly, experts, and industry on the planned 2027 digital asset tax.
- The remarks came during an October 6 National Assembly Finance and Economy Committee audit session.
- People Power Party lawmaker Kim Sang-hun questioned whether the tax would proceed as scheduled and raised issues around tracking transactions on overseas exchanges, decentralized exchanges (DEX), peer-to-peer (P2P) trading, and DeFi (decentralized finance).