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South Korea’s Democratic Party plans to decide by no later than Nov. 30 whether to further delay digital asset taxation scheduled to take effect in January, BlockMedia reported.
Oh Ki-hyung, a lawmaker from the Democratic Party, told reporters after a digital asset business meeting at the National Assembly on Oct. 30 that a decision on whether to postpone the tax cannot be pushed past late November. Oh said that if the party chooses to delay taxation, its final position must be set by no later than the end of November, adding that social issues surrounding the matter need to be reviewed again and related discussions should be wrapped up quickly within one to two weeks.