South Korea Delays Digital Asset Tax Discussion

According to PANews, South Korea's Presidential National Policy Planning Committee announced on June 24 that discussions on digital asset taxation have not yet been concretely addressed. A spokesperson clarified that the content in recent reports is merely a policy concept and not a finalized agenda, emphasizing that none of the items should be considered as officially advancing policies. The committee plans to determine the topics and scope of discussion at the Tax and Fiscal Reform Task Force meeting scheduled for June 26, with subsequent public disclosures based on the meeting's outcomes. Previously, on June 17, the committee's report mentioned expanding new economic taxation, including a tax system for digital assets like Bitcoin, which attracted market attention. However, due to insufficient infrastructure, the implementation of digital asset taxation is expected to be delayed until 2027.