August 16th, recently, the Korea Tax Development Review Committee held a meeting to determine 19 tax law amendments, and will be submitted to the National Assembly for deliberation. In the revision of the Korean tax law, the adjustment of corporate taxation will give preferential policies to the taxation of new technology industries, and include blockchains and quantum computers in the scope of preferential treatment.
Is there any link that will support this? Because this is far from what I read recently because this tax amendment is just a rumor and Ministry of Finance actually denies this and stated that it's fake news.
If such a message is true, this must be an inspiring good news. South Korea’s tax law amendment will greatly promote the development of blockchain technology and cryptocurrency market,
It's not from what you think because even the government put tax on cryptos it will never be use in the development nor awareness in crypto. Of course, they'll use to to build more infrastructure ( I hope so ) or more or less it will landed on their pockets.
I provide the link to enlighten you guys.
https://bitcoinist.com/south-korea-denies-tax-cryptocurrency/