South Korea's opposition party proposes bill to repeal digital asset tax

South Korea's opposition People Power Party is pushing for legislation to repeal the country's planned tax on digital assets, which is set to take effect next year, The Herald Business reported. The party's floor leader, Song Eon-seok, introduced a partial amendment to the Income Tax Act today to enact the repeal. The move is reportedly driven by a consensus within the opposition on the need to address tax fairness issues between digital assets and stocks.