According to South Korea's National Assembly Finance Committee, on November 11, the committee opposed a proposed bill to increase the basic deduction for virtual asset income from 2.5 million Korean won to 50 million won, arguing it violates the "broad tax base, low tax rate" principle.

The committee noted that such a substantial deduction would exclude many digital asset investors from taxation. Data as of June 2026 showed 77.2% of domestic virtual asset accounts held assets worth less than 1 million won, while only 8% held over 10 million won.

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