The tax regime proposed by South Korea for enterprises related to cryptocurrency faced a bottleneck when the Strategy and Finance Committee of the National Assembly was unable to hold its plenary session. Legislators were unable to hold the meeting scheduled for November 29 due to disagreements between the ruling and opposition parties.

Lawmakers initially planned to discuss changes to tax legislation, including a potential deferral of taxes on virtual assets. The proposed adjustments included easing inheritance tax and adjusting the taxation of dividend income.

Reports indicate that the disagreements between the ruling party and the opposition stem from 11 non-controversial tax bills. The ruling party wanted to advance the bills, but the opposition rejected this approach.