According to PANews on November 8, as reported by the Korea Economic Daily, given that South Korean political parties recently reached an agreement to cancel the planned financial investment income tax, the originally scheduled capital gains tax on cryptocurrencies for 2025 is now more likely to be postponed to 2027. A South Korean Democratic Party official stated that it is now considered necessary to postpone the capital gains tax on cryptocurrencies to maintain fairness.
The South Korean government proposed a tax amendment in July that includes postponing the capital gains tax on cryptocurrencies. However, due to the Democratic Party's opposition to other tax reduction policies from the government, the passage of the amendment has remained uncertain. Democratic Party member Min Byoung-dug emphasized that before legally taxing the income of the virtual asset industry, legal recognition of the industry is necessary. Therefore, he supports the current decision to postpone the taxation of virtual assets.
