Jin Sung-joon said, "There is no real economic impact..."It should be implemented as scheduled for taxation of virtual assets"

In addition, Jin Sung-joon, chairman of the policy committee of the Democratic Party of Korea, said that virtual assets have little impact on the real economy and that taxation should be implemented as scheduled in January next year.

Chairman Jin said in an MBC radio interview that it was legislated four years ago and suspended twice, but it is time to implement taxation for legal stability and predictability.

He then explained that if taxation is burdensome, the party's position is to reduce the burden by raising the deduction limit, which is currently 2.5 million won, to 50 million won.

Speaking to reporters at the National Assembly, Chairman Jin also stressed that virtual asset taxation is a Democratic Party pledge, a promise to the people during the last general election.

In addition, unlike domestic exchanges, it is difficult to grasp all transactions using overseas exchanges, and there is an OECD decision to share information from 2027, so taxation is possible from then on.