South Korea2026.11.02Digital Asset

"Pre-Taxation Standards for Virtual Assets Need Overhaul, Basic Deduction Should Be Raised"

• Virtual asset (digital asset) taxation is scheduled to take effect in South Korea next year, prompting calls to revise the current tax system beforehand.
• Professor Ahn Sung-hee (Catholic University of Korea, School of Business) presented the issues at a forum held at the National Assembly Library on November 2.
• Key proposals include clarifying tax standards for new transaction types like staking and airdrops, and raising the basic deduction to reduce taxpayer burden.