South Korean Opposition Opposes Postponement of Planned Crypto Tax

On November 12th, according to News1, Noh Jong-myun, a spokesperson for the Democratic Party of Korea, expressed opposition to the proposal from the government and ruling party to delay the implementation of the virtual asset capital gains tax for two years. This position contrasts sharply with recent reports which suggest that the likelihood of delaying the implementation of the crypto tax until 2027 is increasing.