South Korean Petition Nears Signature Threshold to Halt Virtual Asset Taxation

A petition on South Korea's National Assembly e-petition system, aiming to abolish virtual asset taxation, has garnered 39,956 signatures, nearing the 50,000 required for a parliamentary committee review. According to NS3.AI, the petition was posted on May 13 and will remain open until June 12. The petitioner argues that the tax system requires a fundamental review before any taxation is implemented.