儘管遭到反對，韓國主要反對黨仍計劃在 2025 年實施加密貨幣稅收政策

主要反對黨韓國民主黨（DPK）不顧執政黨人民的反對，決定在 2025 年實施加密貨幣稅收政策

South Korea's main opposition party is set to implement crypto taxation policies in 2025 despite objections from the ruling party, a move that could trigger a capital exodus, according to industry experts.

產業專家稱，儘管執政黨反對，韓國主要反對黨仍計劃在 2025 年實施加密貨幣稅收政策，此舉可能引發資本外流。

The Democratic Party of Korea (DPK) is planning to pass a revised Income Tax Act at the upcoming National Assembly meeting on Tuesday, proposing to raise the tax exemption threshold for crypto investment profits from the current 2.5 million won ($1,787) to 50 million won.

韓國民主黨 (DPK) 計劃在周二即將召開的國民議會會議上通過修訂後的所得稅法，提議將加密貨幣投資利潤的免稅門檻從目前的 250 萬韓元（1,787 美元）提高到 5,000 萬韓元。

The DPK hopes that shifting the tax burden to some high-net-worth individuals will reduce opposition from retail investors to the crypto taxation policy.

北韓希望將稅收負擔轉移給一些高淨值個人，以減少散戶投資者對加密貨幣稅收政策的反對。

The government is set to begin imposing a 22 percent tax, including local taxes, on annual income exceeding 2.5 million won from virtual asset investments starting next year. The policy has already been postponed twice following a bipartisan agreement.

政府將從明年開始對虛擬資產投資年收入超過 250 萬韓元徵收 22% 的稅，包括地方稅。在兩黨達成協議後，該政策已被推遲兩次。

Many market observers were expecting another delay in crypto taxation, especially after the financial investment tax was scrapped on Nov. 4. The financial investment tax and virtual asset taxation were initially proposed together, with plans to classify virtual asset income as financial investment income and tax it accordingly.

許多市場觀察家預計加密貨幣稅收將再次推遲，特別是在11月4日取消金融投資稅之後。相應地。

"Why tax one while abolishing the other? This raises serious questions of fairness," wrote a man in his 20s on the National Assembly's online petition platform on Tuesday. The petition has since garnered over 56,000 signatures.

「為什麼要對一個徵稅，而廢除另一個？這引發了嚴重的公平問題，」週二，一名 20 多歲的男子在國民議會在線請願平台上寫道。此請願書已獲得超過 56,000 個簽名。

"Past administrations have viewed cryptocurrencies negatively," he added. "They did not recognize cryptocurrencies as assets and even rejected Bitcoin exchange-traded funds. Imposing taxes without legal recognition or clear regulatory framework? This is inconsistent and unreasonable."

「過去的政府對加密貨幣持負面看法，」他補充道。 “他們不承認加密貨幣是資產，甚至拒絕比特幣交易所交易基金。在沒有法律認可或明確監管框架的情況下徵稅？這是不一致且不合理的。”

The DPK, however, argues that the stock market and the virtual asset market are fundamentally different and should not be treated the same.

然而，朝鮮民主主義人民共和國認為，股票市場和虛擬資產市場有根本不同，不應被同等對待。

The ruling People Power Party (PPP) opposes the taxation on virtual assets, siding with retail investors.

執政的人民力量黨（PPP）反對對虛擬資產課稅，站在散戶投資人這邊。

During a party meeting on Thursday, PPP Leader Han Dong-hoon said that implementing "fair and equitable taxation is challenging" given Korea's current level of preparation and added that the party will ensure the implementation of a two-year deferral.

在周四的黨內會議上，人民黨領導人韓東勳表示，鑑於韓國目前的準備水平，實施“公平公正的稅收具有挑戰性”，並補充說，該黨將確保實施兩年的延期。

"Over 8 million investors in Korea are primarily young people," said Han. "Many are hoping to recover their losses during this period (Trump's rally), but the DPK has introduced policies that dash those hopes."

「韓國有超過 800 萬投資者，主要是年輕人，」韓說。 “許多人希望彌補這段時期的損失（川普的集會），但北韓推出的政策讓這些希望破滅。”

Despite the PPP's objections, the DPK's parliamentary majority makes it likely that the proposal will pass unless the party alters its stance.

儘管人民黨反對，但朝鮮民主主義者在議會中的多數席位使得該提案很可能獲得通過，除非該黨改變立場。

Critics warn that these measures could lead to a capital exodus to foreign virtual asset exchanges.

批評人士警告稱，這些措施可能會導致資本外流至外國虛擬資產交易所。

"Substantial funds have already shifted to overseas exchanges to exploit arbitrage opportunities from the 'kimchi premium,' and this trend is expected to accelerate as tax burdens increase," said Jay Jo, a senior research analyst at Tiger Research.

Tiger Research高級研究分析師Jay Jo表示：“大量資金已經轉移到海外交易所，以利用‘泡菜溢價’的套利機會，隨著稅收負擔的增加，這一趨勢預計將加速。”

They also worry that enforcing strict regulations without careful consideration could harm Korea's global competitiveness. Strong retail investment in Korea has attracted significant interest from overseas crypto projects, and harsh tax policies could deter further investment.

他們也擔心，未經深思熟慮而實施嚴格監管可能會損害韓國的全球競爭力。韓國強勁的零售投資吸引了海外加密貨幣項目的濃厚興趣，而嚴格的稅收政策可能會阻礙進一步的投資。

"While virtual assets are a sector that requires taxation in the long term, the current tax proposal fails to fully account for (Korean) market's characteristics and crypto's rapidly evolving environment," said Jo. "A well-structured taxation system must be preceded by comprehensive research and thoughtful discussion."

Jo 表示：“雖然虛擬資產是一個需要長期徵稅的行業，但目前的稅收提案未能充分考慮（韓國）市場的特徵和加密貨幣快速發展的環境。” “一個結構良好的稅收制度必須經過全面的研究和深思熟慮的討論。”

As of 3 p.m. Thursday, Bitcoin is trading at 137.3 million won in Korea's largest virtual asset exchange, Upbit, and $97,180 in Binance. The price saw another record high, reaching $96,995 at 1:22 p.m. (local time), following a media report that the U.S. presidential transition team was considering creating a specialized position for crypto policy in the White House.

截至週四下午 3 點，比特幣在韓國最大的虛擬資產交易所 Upbit 的交易價格為 1.373 億韓元，在幣安的交易價格為 97,180 美元。在有媒體報導美國總統過渡團隊正在考慮在白宮設立一個專門負責加密貨幣政策的職位後，價格再創新高，於當地時間下午 1:22 達到 96,995 美元。

Bitcoin prices have surged about 40 percent since Donald Trump's election. If the ruling and opposition parties fail to reach an agreement on a delay, all investors earning profits exceeding 2.5 million won will be subject to taxation.

自唐納德·川普當選以來，比特幣價格已飆升約 40%。如果朝野無法就延期達成協議，所有利潤超過250萬韓元的投資者都將被徵稅。