In response to the Democratic Party's opposition to the deferral of virtual asset tax, People's Power leader Han Dong-hoon said, ”Let's stop this, put the burden on young people” (South Korea)

When the Democratic Party of Korea expressed its opposition to the government's policy of a two-year deferral of virtual asset investment income tax, Han Dong-hoon, the leader of the People's Power Party (ruling party), said on the 13th, "Let's stop this."
Han criticized the move on the same day in a Feibook article, saying, "The Democratic Party of Korea, which was pressured by the public to even support the abolition of the financial investment income tax, is opposed to the government's plan to postpone virtual asset taxation and will abolish it in January next year.
"I don't think virtual asset investors would have expected that the government would come out and try to tax them so soon," he said. "Virtual asset investment is especially popular among young people.
"In order to ease the burden and support asset formation, the government decided in July to postpone virtual asset taxation for two years," he wrote. "If the tax is imposed on an annual basis as per the current law, even if profits are made, the losses will be reflected in the tax.
"If the income is treated as income when the income is large, those who are considered dependents under the health insurance system will become local subscribers, and there is a concern that health insurance premiums will be levied separately."
Prior to this, the government announced a tax law reform bill in July, revealing a plan to postpone the taxation of virtual asset investment income from next year by two years to 2027.
However, after concluding a floor meeting the previous day, Roh Jong-myeon, floor spokesman for the Democratic Party of Korea, expressed his opposition to the government's two-year moratorium on virtual asset taxation, saying, "It is unacceptable."
made his intention clear.