South Korean lawmaker Jung Sung kook proposes to postpone the taxation of virtual assets until 2030

According to MBN, South Korean National Power Party member Jung Sung kook plans to propose a bill to postpone the taxation date for virtual asset income from January 1, 2027 to January 1, 2030, by three years. The current regulations require that starting from January 1st next year, the portion of annual profits generated from the transfer or lending of virtual assets exceeding 2.5 million Korean won must pay a 22% income tax.