{
  "id": 7066325,
  "title": "Finance minister nominee backs January crypto tax rollout despite industry, opposition pushback",
  "url": "https://urgent.news/2026/09/13/finance-minister-nominee-backs-january-crypto-tax-rollout-despite",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-13T05:42:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/cryptocurrency/20260913/finance-minister-nominee-backs-january-crypto-tax-rollout-despite-industry-opposition-pushback"
  },
  "original_language": "en",
  "account": "The nominee to head the Ministry of Finance and Economy, Lee Hyoung-il, has stated his plans to introduce a cryptocurrency tax starting in January as originally scheduled. Despite opposition from industry players and opposition lawmakers, Lee maintains that the tax will move forward according to plan. He assures that specific tax rules will be clarified through a National Tax Service public notice by the end of the year, preventing any confusion for taxpayers during the filing process.\n\nLee argues that classifying crypto asset income as miscellaneous income under the existing tax structure is a practical and \"appropriate\" measure. This approach allows for the implementation of taxpayer-friendly measures, including a basic deduction and a single tax rate. He points out that various other financial transactions, such as stock trades involving major shareholders, foreign equities, unlisted shares, and transaction taxes, are already subject to taxation. Extending these tax rules to crypto assets, Lee contends, is necessary to ensure tax fairness.",
  "summary": "The nominee to head the Ministry of Finance and Economy expressed his intention on Sunday to implement the cryptocurrency tax next January as scheduled, despite pushback from both industry players and opposition lawmakers. In written materials submitted to the National Assembly ahead of a confirmation hearing slated for Tuesday, Lee Hyoung-il, who currently serves as first vice finance minister,…",
  "key_points": [
    "Finance minister nominee Lee Hyoung-il plans January crypto tax rollout.",
    "Industry and opposition pushback despite Lee's plans.",
    "Tax rules to be clarified by National Tax Service by year-end."
  ],
  "editors_take": "The finance minister nominee's commitment to implementing a cryptocurrency tax in January signals a shift towards integrating digital assets into the existing tax framework, aligning them with other financial transactions.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "The Korea Times",
        "title": "Finance minister nominee backs January crypto tax rollout despite industry, opposition pushback",
        "url": "https://urgent.news/2026/09/13/finance-minister-nominee-backs-january-crypto-tax-rollout-despite-7068224",
        "published": "2026-09-13T06:12:03.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}