National Assembly Proposes Bill to Delay Virtual Asset Taxation Until 2030
The National Assembly has proposed a bill to delay the taxation of virtual asset investment income by three years, moving the implementation date from January 1, 2027, to January 1, 2030. Lawmaker Chung Sung-kook of the People's Power party introduced the amendment, citing the need for a more robust regulatory framework to protect investors and ensure fair taxation. The current law classifies income from virtual assets as 'other income,' subject to a 20% tax rate, which increases to 22% with local taxes. The delay aims to provide time to establish comprehensive regulations and reduce market confusion. 
