CAPITAL GAINS FROM CRYPTOCURRENCIES WILL NOW BE TAXABLE IN S. KOREA

Highlights –

• Capital gains from cryptocurrencies will now be taxable in S. Korea.
• The government plans to impose a 20 percent tax on capital gains of virtual assets from 2022.
• Stock and bonds investors will have to pay taxes on capital gains exceeding US$45,000.
• In recent trading the price of bitcoin declined to 64 million won per unit.

South Korean fin....