According to PANews, due to the influence of the political situation on the South Korean National Assembly, the discussions on the financial investment tax abolition bill and the virtual asset tax extension bill in the Planning and Finance Committee have been postponed, with uncertain prospects for handling.
Despite these bills attracting significant investor attention and reaching a consensus amidst some opposition, the current political situation has hindered their progress. Financial regulatory authorities indicated that they will continue to push for the relevant bills.
If the relevant bills cannot be passed in a timely manner, the financial investment tax and virtual asset tax will be officially implemented as scheduled on January 1, 2025.