According to PANews, due to the political situation in the South Korean parliament, the discussion of the abolition of the financial investment tax and the extension of the virtual asset tax in the Planning and Finance Committee has been postponed, and the prospects for handling are unclear.
Although these bills have attracted much attention from investors and have reached consensus among some opposing voices, the current political situation has hindered their advancement. Financial regulators said they will continue to promote the relevant bills.
If the relevant bills cannot be passed in time, the financial investment tax and virtual asset tax will be officially implemented as planned on January 1, 2025.