Tag: SouthKorea

In South Korea, recipients of crypto airdrops could be taxed with an up to 50% fee. A government official said that crypto airdrops count as gifts under tax legislation. Airdrops, or blockchain-based token giveaways, are one of the ways crypto companies market their initiatives. South Korea said in 2021 it will start taxing inherited or…

South Korea’s Ministry has reportedly offered $186.7 million to build a comprehensive metaverse ecosystem. By 2026, South Korea’s government wants to create the fifth-largest metaverse market in the world. This money would be utilized to assist the impactful expansion of digital content as well as business growth across the country. South Korea will spend at…