South Korea's People Power Party has proposed canceling the 22% cryptocurrency capital gains tax set to take effect in 2027, arguing that the current tax system is immature and may create unfairness, particularly affecting young investors. The party is concerned that strict taxation could lead to capital outflows, with 110 billion dollars already having fled, impacting market activity. The bill is still under review, and its passage remains uncertain. If approved, it could boost market confidence and attract more investors.

Gate News report: On March 23, Korean retail investors purchased a record 7 trillion won worth of KOSPI (Korea Composite Stock Price Index) stocks today (Monday).

Gate News report: On March 23, Allium Labs data showed that since July 2025, the stablecoin balance on South Korea's top five crypto exchanges has declined from approximately $575 million to approximately $188 million, a decrease of about 55%. As the Korean won-to-US dollar exchange rate fell below the 1,500 mark in mid-March, the pace of capital outflows accelerated further.

South Korea's President has nominated Shin Hung-song, Director of the Monetary and Economic Department at the Bank for International Settlements, to serve as Governor of the Bank of Korea. He has previously expressed concerns about Korean won stablecoins, believing they could lead to capital outflows and impact financial stability. There is external interest in how his stance on stablecoins may evolve after taking office.

Gate News Report: On March 21, South Korea's National Tax Service plans to complete the selection of virtual asset custodian service providers in the first half of this year. This initiative stems from a virtual asset theft incident that occurred last month, during which the National Tax Service inadvertently leaked mnemonic phrase information while announcing on-site search results, leading to the seized virtual assets being stolen twice in succession.

韓国のリアルワールド資産プラットフォームK-Propは、3月16日にソウルで協力覚書を締結し、韓国の不動産収益と分散型Web3金融を融合させることを目的としています。K-Prop Koreaは資産管理を担当し、K-Prop Limitedは世界展開とスマートコントラクトの開発を主導します。

Gate News, on March 18, the Korean exchange triggered the KOSPI circuit breaker mechanism due to a 5% rise in KOSPI 200 futures (South Korea's benchmark stock market index futures), suspending programmed trading for 5 minutes.