Woofun AI reports that a citizen petition demanding the abolition of virtual asset taxes has been submitted to the Financial Services and Economic Planning Committee of the National Assembly. The initiative secured 58,571 signatures, surpassing the 50,000 threshold mandated by the 'National Assembly Act' for formal legislative consideration.

Under current statutory requirements, the committee is obligated to review the petition at its first meeting following the 30-day submission window. This procedural milestone intensifies pressure on policymakers regarding the planned 22% tax rate on virtual asset income exceeding 2.5 million won (approximately $1,800), effective January 1 next year. While the government and ruling party maintain their stance on implementing the measures as scheduled, the growing volume of public opposition signals increasing friction over the fiscal policy.