Deep Tide TechFlow news: On June 21, according to Edaily, a national petition from South Korea calling for the cancellation of virtual asset taxation is expected to be submitted soon for discussion by the National Assembly’s Finance, Economy and Planning Committee. The petition ultimately received 58,571 approvals, meeting the 50,000-person threshold; under South Korea’s National Assembly Act, the relevant petition should be submitted for deliberation at the first committee meeting convened after 30 days from its transfer to the committee. South Korea’s current plan is to impose a total tax rate of 22% on virtual asset income exceeding 2.5 million Korean won (about $1,800) starting January 1 next year.