Before this time, almost Korean investors really worried about new tax policy for cryptocurrency.
That's why all news said the government will apply 3~40%taxes for crypto at Jul~Aug.
But today, the government said we will apply 10~15%taxes for crypto like interest income tax, and it is very acceptable to all Korean investors.
Also they said we feel hard to say it will happen within this year and although will happen this year, there will be 1~2years stay period.
http://news.naver.com/main/read.nhn?mode=LSD&mid=sec&oid=023&aid=0003382087&sid1=001&lfrom=kakaoIn conclusion, Crypto is accepted by government's legal property, SO MANY KOREAN INVESTORS WILL GET INTO MARKET AGAIN!
The tax rate is still too high, South Korea economy is not so good now but I think 10-15% for tax is too high. In my opinion the ideal rate for the taxation is about 1-2,5%. By that rate it will make more people to invest in cryptocurrency. By the way it still a good news for cryptocurrency users in Korea.