Main S Korea’s Presidential Candidates Oppose Crypto Tax – But Gov’t Won’t Budge
The long-running will-they-won’t-they saga of the South Korean government’s crypto tax plans has taken a fresh turn – after both of the leading candidates to become the next President in March 2022 said they were in favor of delaying or amending the tax.
As previously reported, the issue is thorny: The tax was already been voted into law and is slated to come into force on January 1, 2022. South Korea goes to the polls on March 9, where one of Lee Jae-myung, the nominee of the Democratic Party, and the newly confirmed main opposition candidate Yoon Seok-yeol will almost certainly be elected.
The new law requires crypto trading profits over an annual total of USD 2,100 to be taxed at 20% under revised capital gains tax provisions. The National
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