Jin Sung-joon "Virtual assets, unrelated to the real economy... Detailed taxation next year"
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- It was reported that there is controversy related to the detailed taxation policy of virtual assets.
- Jin Sung-joon, chairman of the Democratic Party's policy committee, stated that the detailed taxation on virtual assets is unrelated to the real economy.
- Investors need to pay attention to changes in the virtual asset market.
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
Jin Sung-joon, the chairman of the Democratic Party's policy committee, reiterated the intention to implement detailed taxation on virtual assets. On the 22nd, Chairman Jin stated on MBC Radio's 'Kim Jong-bae's Focus' that "the detailed taxation of virtual assets is different from the financial investment income tax (금투세) as it is unrelated to the real economy. It should be implemented for legal stability and predictability." He explained that "the decision to abolish the financial investment income tax was made because our companies might face difficulties in securing funds for business management," adding that "Coinone is unrelated to the real economy. To reduce the tax burden, we plan to significantly raise the public offering limit to 50 million won." Regarding the concern that the younger generation's backlash against the detailed taxation on virtual assets might be burdensome, he responded, "That's right. However, if they understand that the country can operate by taxing principles and capital gains, it would be good."
