ZDNet reported that as the taxation of virtual assets is scheduled to take effect from January next year, the ongoing opposition from the opposition party is increasing policy uncertainty. While the government has made it clear that it will implement the taxation as planned, the opposition party is countering by pushing for legislation to abolish the tax. As the opposition from the People Power Party is strong, there is a possibility that virtual asset taxation may be postponed again. The People Power Party argues that taxing only virtual assets in a situation where the financial investment income tax (FITS) has been abolished is not fair. Rep. Park Soo-young of the People Power Party, who attended the debate, stated, "I will synthesize the opinions from academia and the media presented today and reflect them in the legislative process as the chairman of the tax subcommittee," setting himself against the government. In this situation, the ruling party's failure to present a clear stance also increases market uncertainty. Some suggest that with next year's local elections approaching, the ruling party might join discussions on tax postponement or abolition, conscious of young voters' sentiment.
