South Korea's Deputy Prime Minister Candidate: Virtual Asset Tax Burden Limited, Expected Minimal Market Impact
Source：
www.digitalasset.works
According to Digital Assets, Lee Hang-il, candidate for South Korea's Deputy Prime Minister and Minister of Economy and Finance, stated at a National Assembly hearing that the taxation of virtual assets would impose a relatively light burden on most investors and is not expected to significantly disrupt the market. Data shows that approximately 95% of investors hold assets worth less than 5 million won; when acquisition costs cannot be substantiated, 50% of income can be treated as deductible expenses, combined with a 2.5 million won basic deduction, keeping the actual tax burden on small investors minimal.
