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The Democratic Party of Korea plans to proceed with the abolition of the Financial Investment Income Tax as scheduled. According to industry sources on the 9th, a representative from the Democratic Party stated, "The Democratic Party intends to abolish the Financial Investment Income Tax as planned on the 10th. We will not reverse our words on confirmed matters." The 10th marks the last day of the regular National Assembly session. Previously, Lee Jae-myung, the leader of the Democratic Party of Korea, explained during the Supreme Council meeting at the National Assembly on the 4th of last month, "We agreed to the abolition of the Financial Investment Income Tax pushed by the government and the ruling party. According to principles and values, the tax should be implemented, but the current stock market is too difficult," explaining the decision to agree to the tax abolition. However, discussions on other bills, including the amendment to the Commercial Act, are expected to be postponed until the impeachment situation is resolved.

"Constitutional Disorder Riot" "The National Assembly should not exceed 150 members, received instructions" "Constitutional Disorder Riot" "The National Assembly should not exceed 150 members, received instructions" "Constitutional Disorder Riot" "The National Assembly should not exceed 150 members, received instructions" "Constitutional Disorder Riot" "The National Assembly should not exceed 150 members, received instructions" ㅇ ㅇㅇ ㅇ ㅇ ㅇ ㅇ ㅇ ㅇ ㅇ ㅇㅇㅇ ㅇ ㅇ ㅇㅇ ㅇㅇㅇㅇㅇㅇㅇㅇㅇㅇㅇㅇㅇ

Virtual asset influencer Bulgaemi Crypto is holding a one-person protest in front of the National Assembly Building on the 27th. Photo provided by Bulgaemi Crypto The debate over virtual asset (cryptocurrency) taxation is heating up. On the 27th, there was a one-person protest against virtual asset taxation at the main gate of the National Assembly Building. Introducing himself under the pseudonym Bulgaemi Crypto (hereafter referred to as Bulgaemi), he said, "I thought that with the news of the planned abolition of the Financial Investment Income Tax (FIT), the coin tax would naturally be postponed as well, but the situation is unfolding differently than expected." He continued, "I studied a lot about virtual asset taxation for the protest and came to the conclusion that it is a law that should not be implemented, so I took to the streets." Conversely, at 10 a.m. on the same day, a press conference urging virtual asset taxation was held at the same location. The Justice Party held a press conference at the main gate of the National Assembly Building, stating, "Since the emergence of new assets called virtual assets several years ago, we have been working to create a plan where there is income, there is tax," and criticized, "However, the political sphere keeps postponing it." Lee Baek-yun, the leader of the Labor Party, who jointly held the press conference, also argued, "If the deduction limit is raised to 50 million won, most investors will be excluded from taxation," and "Insufficient preparation is not a justification for tax deferral." He continued, "Virtual asset investment is a typical unearned income, and coin investment is purely a money game," and argued, "Isn't it wrong to tax earned income without exception but not tax virtual assets?" Photo provided by the Justice Party Respect for the Opinion "Where There is Income, There is Tax," but Insufficient Preparation... It seems that only virtual asset investors are being harmed by the political strife surrounding virtual asset taxation. Bulgaemi said, "The topic of virtual asset taxation has become a political issue with the opposition and ruling parties clashing," and "Virtual asset investors only wish for reasonable virtual asset taxation, not such political strife." He also agreed with the principle of "where there is income, there is tax," but appealed, "Every tax obligation should have clear tax items, guidelines, and infrastructure specified in the law as a prerequisite. Don't just demand taxes without preparation." Bulgaemi pointed out the current issues with the virtual asset taxation plan as ▲ the absence of loss carryforward deductions, ▲ equity issues with the FIT, ▲ the risk of increased health insurance premiums due to classification as other income, and ▲ the burden of proof of taxation on investors. He warned, "Virtual asset investors are not unconditionally opposing the Democratic Party. However, if the problematic virtual asset taxation is forcibly implemented, they will surely hold them accountable in the upcoming election." When Will the Decision on the Deferral of Virtual Asset Taxation Be Made? National Assembly Building / Photo by Son Min, Bloomingbit Reporter However, despite the protests and press conferences, discussions on virtual asset taxation continue to be postponed. This is because the opposition and ruling parties are unable to narrow their differences on virtual asset taxation. The opposition party insists on raising the deduction limit from 2.5 million won to 50 million won and implementing virtual asset taxation from the originally scheduled date of January 1. Jin Sung-joon, the policy chairman of the Democratic Party, said, "Taxation on virtual assets, which are unrelated to the real economy, is different from the Financial Investment Income Tax (FIT). It must be implemented for legal stability and predictability," and "Coins are unrelated to the real economy. The party's position is to significantly raise the deduction limit to 50 million won to reduce the tax burden." On the other hand, the government and the ruling party argue that virtual asset taxation should be viewed the same as the FIT. Han Dong-hoon, the leader of the People Power Party, explained, "The younger generation now has fewer opportunities for asset formation and social mobility. We need to quickly decide on virtual asset taxation and recognize virtual asset investment as a new tool for asset formation," and "Fundamentally, we are not ready to implement fair taxation on virtual assets. We intend to actively pursue the deferral of virtual asset taxation." Meanwhile, the Planning and Finance Committee's general meeting scheduled for today was once again disrupted, further delaying discussions on virtual asset taxation. If November 30 passes, the issue will be automatically referred to the plenary session, and the Planning and Finance Committee will no longer be able to discuss the virtual asset taxation issue.

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Ali Al Mudaifa, Chief Business Development Officer (CBDO) of the Bahrain Economic Development Board / Photo = Bahrain Economic Development Board Bloomingbit, a virtual asset (cryptocurrency) subsidiary of the Korea Economic Media Group, held the 'Bahrain-Korea Web3 & Crypto Leadership Luncheon' event with the Bahrain Economic Development Board (EDB). The luncheon, held on the 2nd at Lotte Hotel in Sogong-dong, Seoul, was attended by Ali Al Mudaifa, Bahrain Economic Development ㄴㅇㅁㄴㅇㅇ

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Ali Al Mudaifa, Chief Business Development Officer (CBDO) of the Bahrain Economic Development Board / Photo = Bahrain Economic Development Board Bloomingbit, a subsidiary of the Korea Economic Media Group specializing in virtual assets (cryptocurrency), held the 'Bahrain-Korea Web3 & Crypto Leadership Luncheon' event with the Bahrain Economic Development Board (EDB). The luncheon, held on the 2nd at Lotte Hotel Seoul, was attended by Ali Al Mudaifa from the Bahrain Economic Development ㅇㅇㅇㅇ

"Constitutional Disorder Riot" "The National Assembly should not exceed 150 members, received instructions" "Constitutional Disorder Riot" "The National Assembly should not exceed 150 members, received instructions" "Constitutional Disorder Riot" "The National Assembly should not exceed 150 members, received instructions" "Constitutional Disorder Riot" "The National Assembly should not exceed 150 members, received instructions" "Constitutional Disorder Riot" "The National Assembly should not exceed 150 members, received instructions"

The Cardano Foundation's X (formerly Twitter) account has been hacked, and caution is needed regarding the fake token 'ADAsol'. The Cardano Foundation's X (formerly Twitter) account has been hacked, and caution is needed regarding the fake token 'ADAsol'. The Cardano Foundation's X (formerly Twitter) account has been hacked, and caution is needed regarding the fake token 'ADAsol'. The Cardano Foundation's X (formerly Twitter) account has been hacked, and caution is needed regarding the fake token 'ADAsol'. According to Cointelegraph on the 9th (local time), the previous day, the Cardano Foundation's X account was hacked, and a fake tweet was posted claiming that the foundation would stop supporting the native token ADA due to a lawsuit from the U.S. Securities and Exchange Commission (SEC). Afterwards, the hacker posted a message promoting the scam token ADAsol, but all such fake posts have now been deleted. Meanwhile, the foundation stated that they are working on recovering the account and that other parts of the Cardano ecosystem have not been affected by the hack.

"Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" "Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" "Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" "Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" "Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" "Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" "Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" "Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" "Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" "Constitutional Disorder Riot" "The number of National Assembly members should not exceed 150, received instructions" Subtitle Subheading Main text Subheading Subtitle Subtitle

"Constitutional Disorder Riot" "Member of the National Assembly should not exceed 150, received instructions"

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Image=Dunamu Blockchain and fintech company Dunamu (CEO Lee Seok-woo) announced the achievements of its fund for vulnerable youth, 'Dunamu Next Steppers' (hereafter referred to as Next Steppers). On the 6th, at the Next Steppers performance sharing event held at Community House Masil in Myeong-dong, Jung-gu, Seoul, a total of 100 people, including young people who received financial support through Dunamu Next Steppers, economic mentors, and officials from related organizations, gathered. The attendees reviewed the status of Next Steppers, which has been ongoing for about three years, including financial and asset formation support, roadmap mentoring, and financial education, and discussed future visions. Next Steppers is a project that is part of Dunamu's ESG 'Youth' support initiative, aimed at alleviating the debt burden of low-income youth in welfare blind spots and helping them achieve economic independence. In collaboration with Together Making the World (Social Solidarity Bank) (Chairman Kim Yong-deok), it supports debt repayment for young people suffering from multiple debts and asset formation for vulnerable youth. From a long-term perspective, it strengthens their self-reliance capabilities and provides financial, job, and career-related mentoring, as well as education on credit and debt management and fraud prevention, to help them draw a stable future roadmap. Over the past three years, Dunamu has supported 1,000 vulnerable youth aged 19 to 34 through Next Steppers. It has supported debt repayment of 3.15 billion KRW for 636 financially distressed youth and created 2.6 billion KRW in self-reliance funds to support 364 low-income youth. Additionally, 86 professional mentors were matched with 527 young people, providing a total of 3,578 hours of mentoring. According to a survey by the Korea Social Value Assessment (KSVA), the social and economic value created by Next Steppers over three years amounts to 8.2 billion KRW. This figure is calculated considering debt reduction, self-reliance fund creation, interest cost reduction, credit status improvement, and social ripple effects. A young person, Mr. A, who received financial support through Next Steppers, said, "It was hard to manage the fixed expenses that went out every month just by breathing, and I was always under the pressure of having to repay loans," adding, "Not only has the financial burden decreased, but through mentoring, I have been able to reset my life goals and take care of myself." Lee Seok-woo, CEO of Dunamu, said, "Next Steppers is about supporting young people to get back on their feet and cheering on their new next steps," adding, "The aim of Next Steppers aligns with Dunamu's management values of contributing to future generations through beneficial technology and empowering finance." Dunamu, which operates Upbit, Securities Plus, and Securities Plus Unlisted, plans to focus on creating social value through finance and technology next year as well, to empower the youth who will become Korea's tomorrow through the Dunamu Next Series. The Dunamu Next Series is Dunamu's ESG initiative supporting credit recovery and economic independence for vulnerable youth, including Dunamu Next Steppers, Next Dream, and Next Job.

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