TechFlow News, May 18: According to Digital Asset, Jeong Tae-ho, Democratic Party’s chief of the National Assembly’s Committee on Finance and Economy, stated on May 18 that “taxation on digital assets has already been postponed and should now be implemented as scheduled,” adding that intra-party discussions will commence once the tax reform proposal is submitted to the committee. This statement marks a notably tougher stance compared to his more cautious position one month ago. The South Korean government has officially confirmed that taxation on gains from digital asset transfers and leasing will take effect starting January 1, 2027. Several hardline Democratic Party lawmakers have recently voiced support for implementing the tax on schedule.
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