Crypto Firms in South Korea to Gain Tax Breaks, Funding with New Venture Status

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A major regulatory shift is set to provide South Korea‘s crypto industry with significant financial benefits.

Starting next week, virtual asset businesses can be certified as venture companies, unlocking access to tax reductions, research and development grants, credit guarantees, and direct financing support.

According to legal experts, the change also allows existing venture firms to enter the crypto market without losing their status, marking a new era of growth and legitimacy for the sector.