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=5981Just a mere online petition is not going to make any difference and please help me understand if everyone adopts crypto and uses it to pay their bill, service providers and business then government is losing out on tax as it's as simple as tax evasion just because you are using crypto as a mode of payment. I think it's our duty to pay tax if we are earning through crypto as well and fall on the slab of taxable income.