The International Digital Asset Committee (Chairman Won Eun-seok, Professor at Mokwon University) announced that it has been newly selected as a public interest organization designated by the Ministry of Strategy and Finance in the second half of 2024.
Among the organizations designated as public interest organizations to date, the International Digital Asset Committee (IDAC) is the only one that conducts public interest activities with digital assets as a keyword.
Non-profit private organizations designated as public interest organizations by the Minister of Strategy and Finance pursuant to Article 80, Paragraph 1, Item 5 of the Enforcement Decree of the Income Tax Act may collect donations from individuals and issue donation receipts.
The International Digital Asset Council (IDAC) is a non-profit private organization that defines various digital services and contents, including virtual assets, blockchain, NFT, metaverse, AI, webtoons, fintech, games, cultural content, and educational content, as "digital assets" and aims to build a sound digital asset ecosystem through service convergence and the establishment of a cooperative network across fields.
Since its launch in 2021, the International Digital Asset Committee has consistently carried out social contribution activities that incorporate digital assets, such as sponsoring educational content for Gwangju Juvenile Detention Center, digital asset education for women on career breaks, training in generative AI and NFT utilization and production for schools in Daejeon Metropolitan City, digital asset education for multicultural students, digital asset education for local content creators, and sponsoring journalists with developmental disabilities using NFTs.
This designation as a designated public interest organization is the official recognition of the achievements of the digital asset-based social contribution activities that IDAC has been carrying out.
IDAC Chairman Won-seok Won stated, "With the recent revitalization of the virtual asset market, social interest in digital assets is rising again after several years. For the keyword for virtual assets to evolve beyond 'investment' to social 'utilization' and 'expansion,' it is necessary to broaden the scope of actual services that interact with individuals' daily lives and to deepen business reach by linking with various social sectors. In this context, social contribution activities are a powerful tool for achieving effective and positive results. IDAC's activities will serve as a good benchmarking case."
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