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=5981If they legalized the crypto in the South Korea then there is also a big possibility that the tax in the crypto will occur and will be done. One of the great thing why bitcoin and other cryptocurrency are keep on processing is because of it's tax free and this is also the reason why it is very strong of being a decentralized.
If the government try to legalized the crypto in the South Korea then probably the government can control the cryptocurrency in their country and the investors are the one who will hurt about because they will be paying taxes once it was implemented.