The ruling and opposition parties in South Korea have tentatively agreed to postpone the taxation of virtual assets for two years

According to a report by the Korean News Agency, Woo Ki-hyung, an official of the ruling Democratic Party of Korea, stated after the conclusion of the tax subcommittee of the National Assembly's Planning and Finance Committee that there is a consensus between the ruling and opposition parties on the postponement of the virtual asset income tax. The government proposed a two-year delay, and there is not much disagreement between the parties.