South Korea

South Korea (officially the Republic of Korea) is an East Asian country in the southern half of the Korean Peninsula. Between it and North Korea is one of the most militarized borders in the world. The country is known for its rolling rural scenery, cherry trees, ancient Buddhist temples, coastal fishing villages, subtropical islands, and bustling high-tech cities, including its capital, Seoul.

News

South Korea could become the first country in the world to tax NFTs

South Korea wants to be the first country in the world to tax non-fungible tokens (NFTs). The country has already introduced a 30% tax on crypto transactions – which will come into effect from 2022. As the Corea-Herald reports, the almost exploding NFT sector is now also targeted by the Financial Services Commission (FSC). According to its […]