According to Digital Asset, Jung Tae-ho, a member of the Democratic Party of Korea and secretary of the Planning and Finance Committee, stated that the taxation of digital assets "should of course be implemented now that it has been postponed." If the tax reform proposal is submitted to the Finance Committee, discussions within the party will begin. Previously, South Korea's Ministry of Economy and Finance announced that the taxation on income from digital asset transfers and lending will be implemented as planned starting January 1, 2027. Additionally, the People Power Party proposed an amendment to the Income Tax Act in March to abolish the taxation of digital assets, with a conclusion expected by the end of the year. https://(wublock123.com)/news/south-korea-ruling-party-official-says-digital-asset-tax-on-schedule-61229