Category: Yoon Seok-Yeol

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South Korea’s new president delays crypto taxes in favor of consumer protections

May 4, 2022

The country’s president elect is proving his crypto savvy by declaring there will be no tax on crypto investment gains until legislation can ensure consumer protections. South Korea’s newly-elected president Yoon Seok-yeol announced Tuesday he would push to defer taxation on crypto investment gains at least until a new set of regulations called the Digital…
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South Korea Begins to Fulfill President Elect’s Pledge to Bolster the NFT Ecosystem

April 14, 2022

An announcement by South Korea’s Ministry of Culture, Sports and Tourism appeared to fulfill incoming President Yoon Suk-yeol’s pledge to bolster the metaverse ecosystem after saying it will adopt a non-fungible token (NFT) copyright policy. Supporting the Metaverse Ecosystem The South Korean government appeared to fulfill president-elect Yoon Suk-yeol’s campaign pledge after the Ministry of…
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