South Korea's upcoming cryptocurrency tax, set to begin next year, is facing criticism from various quarters. According to NS3.AI, critics argue that the proposed tax framework discriminates against cryptocurrencies compared to untaxed domestic stocks and lacks clarity on several transaction types. Kang Hyung-koo has emphasized the need for the government to first define the structures of virtual asset transactions. He also warned that categorizing gains as other income could increase administrative burdens and potentially contract the market.