South Korea
Digital Asset
Lee Kwang-jae: Government should apologize to young people before taxing crypto; NTS chief: "I sympathize
- The exchange took place on October 13 during a National Assembly audit of the National Tax Service at the Government Sejong Building.
- Rep. Lee Kwang-jae (Democratic Party) said the government should apologize to young people before moving ahead with crypto taxation, questioning whether the tax system is sufficiently prepared and reasonable.
- Lee cited the U.S. and Japan as examples that recognize digital assets as property and have exchange registration systems; NTS Commissioner Lim Kwang-hyun said he sympathized with the criticism.