Currently, crypto is NOT taxed in korea. If they do this, it most likely WILL be taxed in korea.
Please everyone, for the sake of me, lets all sign a petition to stop the Korean government from doing this to ME and everyone like me. This will not raise trading volumes on korean exchanges and will only hurt those invested in crypto in korea.
Damn you Korean government! Damn you all to hell....! Source:
http://www.thebchain.co.kr/news/articleView.html?idxno=5981Actually if you make a petition online about bringing down taxation all in all then almost all citizens of korea will sign it but the truth is such a thing would never get accepted. Governments know that taxes are important and people have to pay taxes one way or the other. Moreover bringing Cryptocurrencies into tax domain isn't going to spark much of a revolt because most people aren't even into crypto. Therefore, these things really won't work.