The speaker argues that the global virtual asset industry itself continues to grow, while Korea is preparing crypto taxation without adequate tracking infrastructure. Korea's heavy approach may push domestic capital toward overseas exchanges, DEX, and P2P channels, but the global crypto industry remains a long-term growth theme.
The speaker notes that domestic Korean stock gains are effectively tax-free for many retail investors, while overseas stock and crypto gains face 22% tax after the small 2.5 million won deduction. This makes KOSPI/Korean domestic equities more tax-efficient than overseas stock or crypto exposure under current Korean tax law.
The speaker points out that physical gold held long term is effectively tax-free on capital gains in Korea, while virtual asset and stablecoin gains face 22% taxation after a small deduction. This gives physical gold a clear tax-advantaged position relative to taxed crypto exposure.