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South Korea's Democratic Party Official Backs Digital Asset Tax Implementation on January 1, 2027

GateNews

Regulation & Policy

2026-05-18 03:01:34

According to Digital Asset, South Korea’s National Assembly Financial and Economic Planning Committee Democratic Party official Chung Tae-ho stated that digital asset taxes should proceed as scheduled on January 1, 2027, marking a significant hardline shift from his cautious stance a month ago. The South Korean government has officially confirmed it will begin taxing digital asset transfers and lease income starting that date. Multiple Democratic Party lawmakers have recently voiced support for the on-time rollout.

Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.

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