According to ChainCatcher, as reported by the Korea Economic Daily, given that South Korean political parties recently reached an agreement to cancel the planned financial investment income tax, the cryptocurrency capital gains tax originally scheduled to be implemented in 2025 is now more likely to be postponed until 2027. A Democratic Party official in South Korea stated that it is now deemed necessary to delay the cryptocurrency capital gains tax to maintain fairness.
The South Korean government proposed a tax law amendment in July that includes the postponement of cryptocurrency capital gains tax, but there has been uncertainty regarding the passage of the amendment due to the Democratic Party's opposition to other tax reduction policies from the government. Democratic Party member Min Byoung-dug emphasized that before legally taxing the income of the virtual asset industry, the industry needs to be legally recognized, and therefore he supports the current decision to postpone taxation on virtual assets.