PANews December 2 news, according to Cryptonews, the South Korean National Assembly has reached an agreement to delay the implementation of the crypto tax until 2027, marking the third postponement since the tax was first proposed in 2020. The largest opposition party, the Democratic Party (DP), stated that it will vote in support of the government's delay plan at the National Assembly's plenary session on December 2.
The DP had previously tried to push an alternative bill, proposing to implement the crypto tax as originally planned in 2025, but with the annual tax threshold raised to 50 million won (approximately 36,000 USD) to achieve equivalence with stock trading tax standards. However, the proposal did not receive support from the ruling People Power Party (PPP). DP leader Park Joon-taek stated that the delay decision was made "after in-depth discussions" and expressed the need for "more institutional preparations" to ensure the integrity of the tax system.