PPP to negotiate with DP on digital asset taxation

South Korea’s People Power Party will seek an agreement with the ruling Democratic Party on the taxation of virtual assets. Park Soo-young, deputy head of policy at the People Power Party, stated that consultations between the parties' policy officials will be pursued, though the outcome remains uncertain due to the Democratic Party's lack of a unified position. No agreement has been reached yet on digital asset taxation. Additionally, a bill proposing a delay in digital asset taxation has been introduced within the Democratic Party, but it has not been formalized as party policy, leaving the conclusions of lawmakers during the upcoming bill review process in November unclear.

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