The likelihood of slapping taxes on financial investment incomes has increased following the opposition Democratic Party of Korea s (DPK) landslide victory in the April 10 general elections, according to experts Friday.
By AsiaToday reporter Hong Sun-miPresident Yoon Suk-yeol proposed Tuesday to scrap a new tax scheme to help promote investment in the country’s stock..
The lawmakers argue that the current crypto tax regime scheduled to come into effect in 2022 puts South Korean crypto investors at a disadvantage when compared to the rest of the financial investment community.