According to reports by Wu, Park Chan-dae, the floor leader of South Korea's largest opposition party, the Democratic Party, announced the abandonment of the plan to implement cryptocurrency capital gains tax in 2025, agreeing to postpone it until 2027.
South Korea's plan to tax cryptocurrency gains was originally scheduled to be implemented in 2021. Once the tax is finally implemented, South Korean cryptocurrency investors will face a 20% digital asset capital gains tax.
