Ruling Party and Gov't Fail to Reach Conclusion on Crypto Tax Delay: 'Multiple Factors to Review'

The Democratic Party of Korea (MINJU) and the government held a party-government consultation at the National Assembly ahead of the planned implementation of virtual asset taxation in January next year to discuss whether to postpone its enforcement, but failed to reach a conclusion.

Representative Oh Kihyun, the Democratic Party (MINJU)'s ranking member on the National Assembly's Strategy and Finance Committee, stated, "Since taxation has already been postponed three times, there are opinions in favor of proceeding with the tax, while others suggest supplementing a few aspects," adding, "We will review it a bit further at the party level."

As no conclusion was reached at today's (October 28) party-government consultation, the Democratic Party (MINJU) is expected to go through a process of gathering internal party consensus again.
 
※ Please note: This article was translated by AI and may contain errors.