According to South Korean media outlet "Seoul Economy," a government electronic petition in South Korea calling for the abolition of virtual asset taxation received over 50k signatures within 8 days, reaching the threshold for submission to the parliamentary standing committee for review.

The proposed tax system would impose a 22% tax rate, including local taxes, on virtual asset gains with annual earnings exceeding 2.5 million Korean won (approximately 1,800 USD).
Petitioners believe that ordinary stock investors in South Korea are essentially exempt from capital gains tax, while virtual assets are taxed separately, which they consider unfair, and that the current tax system and investor protection mechanisms are still inadequate.