The virtual asset tax extension bill in South Korea has been blocked, and it may be implemented as scheduled next year
Due to the political situation in the South Korean National Assembly, the discussion of the financial investment tax repeal and virtual asset tax extension in the Planning and Finance Committee has been postponed, and the processing prospects are uncertain. Although these bills have attracted the attention of investors and have reached consensus among some opposition voices, the current political situation has hindered their progress. The financial regulator said that it will continue to push the relevant bills to minimize the impact of politics on the economy. If the relevant bills cannot be passed in time, the financial investment tax and virtual asset tax will be officially implemented on January 1, 2025 as planned.