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Kim Sang-hoon

김상훈

Member of the National Assembly (People Power Party)

South KoreaLawmaker

About

Kim Sang-hoon was born in 1963 in Daegu. He studied law at Yeungnam University and holds a master's in public administration from the University of Oregon. He passed the 33rd higher civil service examination and worked for the Daegu city government, including a posting in Japan and a spell as director-general for economy and trade.

He represents Seo District in Daegu for the People Power Party and is in his fourth term, first elected in 2012. He chaired the party's Policy Committee in 2024-2025. Since September 2025 he has chaired the party's Special Committee on Stock and Digital Asset Value-up, set up under the party leader.

He has pushed for quick passage of the Digital Asset Basic Act and for letting financial institutions and companies invest in crypto. He backs a two-track model for won stablecoins, with bank-led issuance first and fintech firms later. He opposes caps on major shareholders of crypto exchanges, calling them regulation without global precedent, and obtained a National Assembly Research Service opinion that the caps raise constitutional concerns.

Policy engagement

Opposes the proposed 15 to 20% cap on major shareholders of crypto exchanges as regulation without global precedent. In Aug 2026 sponsored a bill (no. 2220914) deferring the crypto gains tax to 2029.

Source: Edaily, 24 Aug 2026

Key actions

  1. Introduced an Income Tax Act amendment (bill no. 2220914) deferring the crypto gains tax two years to 1 January 2029, citing gaps in tracing DeFi and peer-to-peer trades.

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  2. Criticised the proposed ownership cap on crypto exchange shareholders as regulation without global precedent that could push forced share sales to foreign capital.

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  3. Proposed a two-track won stablecoin model, with bank-led issuance first and fintech firms handling distribution before a wider opening.

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  4. Said the Digital Asset Basic Act should go straight to committee review after the June local elections.

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  5. Released a National Assembly Research Service reply, obtained at his request, saying exchange ownership caps could raise property-rights and retroactivity concerns.

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  6. Appointed chair of the People Power Party's Special Committee on Stock and Digital Asset Value-up.

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