---
title: "South Korean Petition Nears Signature Threshold to Halt Virtual Asset Taxation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286886626.md"
description: "A petition in South Korea to abolish virtual asset taxation has received 39,956 signatures, approaching the 50,000 needed for parliamentary review. Posted on May 13, the petition will remain open until June 12, with the petitioner calling for a fundamental review of the tax system before implementation."
datetime: "2026-05-19T09:16:20.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286886626.md)
  - [en](https://longbridge.com/en/news/286886626.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286886626.md)
---

# South Korean Petition Nears Signature Threshold to Halt Virtual Asset Taxation

A petition on South Korea's National Assembly e-petition system, aiming to abolish virtual asset taxation, has garnered 39,956 signatures, nearing the 50,000 required for a parliamentary committee review. According to NS3.AI, the petition was posted on May 13 and will remain open until June 12. The petitioner argues that the tax system requires a fundamental review before any taxation is implemented.

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