Golden Finance reported that at today's press conference, Park Chan-dae, the floor leader of South Korea's largest opposition party, the Democratic Party of Korea, announced the abandonment of the plan to implement cryptocurrency capital gains tax in 2025, agreeing to postpone it for another two years until 2027. The proposal to 'postpone cryptocurrency capital gains tax' was put forward by the South Korean government and the ruling People Power Party. The Democratic Party of Korea had previously stated that the postponement of taxation was a political trick by the ruling party. Initially, South Korea planned to impose a 20% tax on cryptocurrency gains (22% including local tax), which was set to take effect on January 1, 2022. Due to strong opposition from investors and the industry, the plan has been postponed twice to January 1, 2025. After today's press conference, the tax collection has been postponed again to 2027. The ruling People Power Party also proposed that 'a two-year grace period for the cryptocurrency capital gains tax is still insufficient and should be extended to 2028. Rapid taxation on cryptocurrency is undesirable, and investors may leave the market as a result. The People Power Party hopes to delay the implementation until 2028 to fulfill its commitments made during the election.'