Korean MP Zheng Zheng Guo proposed to postpone the taxation of virtual assets until 2030

Members of the Korean National Forces Party (KNFP) Plan Zheng Cheng Guo put forward a bill to postpone the taxation of virtual asset income from 1 January 2027 to 1 January 2030. The current regulations require that, as of 1 January next year, income tax of 22 per cent be paid for those parts of the annual profits of the virtual asset transfer or borrowing that exceed 2.5 million won。