South Korean Opposition Opposes Delaying Planned Crypto Tax

On November 12, according to News1, Noh Jong-myun, a spokesperson for the Democratic Party of Korea, expressed his opposition to the proposal by the government and the ruling party to delay the implementation of the capital gains tax on virtual assets for two years. This stance stands in sharp contrast to recent reports that suggest that it is increasingly possible to delay the implementation of the crypto tax until 2027.