The South Korean government will review the virtual asset tax plan originally scheduled to start in January next year

The South Korean government will comprehensively review the timetable for taxing virtual assets planned to begin in January next year. The South Korean government submitted a tax reform plan to Congress in July 2022 to promote taxation of virtual assets; later in the same year, the South Korean Congress postponed the tax levy together with the financial investment income tax until January 2025. Tax Minister Chung Jung-hoon said in an interview: "We plan to submit the bill to the National Assembly at the end of January or early February and explain its necessity and urgency. We hope to try our best to have the Strategy and Finance Committee and the National Assembly convene a meeting in February before the election. be able to deal with it.” (News1)