South Korea's tax authority is investing approximately $2 million and plans to develop an artificial intelligence system by the end of 2026 to track unreported cryptocurrency income. Meanwhile, the opposition People Power Party has proposed a bill to abolish the 20%-22% capital gains tax on cryptocurrencies set to take effect in 2027, arguing that the tax creates an unfair double taxation burden compared to stocks. Additionally, South Korea has introduced new regulations aimed at strengthening exchanges' efforts to combat fraud and standardizing police procedures for handling seized crypto assets.