尽管遭到反对，韩国主要反对党仍计划在 2025 年实施加密货币税收政策

主要反对党韩国民主党（DPK）不顾执政党人民的反对，决定在 2025 年实施加密货币税收政策

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.

行业专家称，尽管执政党反对，韩国主要反对党仍计划于 2025 年实施加密货币税收政策，此举可能引发资本外流。

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.

韩国民主党 (DPK) 计划在周二即将召开的国民议会会议上通过修订后的所得税法，提议将加密货币投资利润的免税门槛从目前的 250 万韩元（1,787 美元）提高到 5000 万韩元。

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.

朝鲜希望将税收负担转移给一些高净值个人，以减少散户投资者对加密货币税收政策的反对。

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.

政府将从明年开始对虚拟资产投资年收入超过 250 万韩元征收 22% 的税，包括地方税。在两党达成协议后，该政策已被推迟两次。

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.

许多市场观察人士预计加密货币税收将再次推迟，特别是在11月4日取消金融投资税之后。金融投资税和虚拟资产税最初是一起提出的，计划将虚拟资产收入分类为金融投资收入和税收相应地。

"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.

“为什么要对一个征税，而废除另一个？这引发了严重的公平问题，”周二，一名 20 多岁的男子在国民议会在线请愿平台上写道。此请愿书已获得超过 56,000 个签名。

"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."

“过去的政府对加密货币持负面看法，”他补充道。 “他们不承认加密货币是资产，甚至拒绝比特币交易所交易基金。在没有法律认可或明确监管框架的情况下征税？这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，朝鲜民主主义人民共和国认为，股票市场和虚拟资产市场有根本不同，不应被同等对待。

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

执政的人民力量党（PPP）反对对虚拟资产征税，站在散户投资者一边。

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.

在周四的党内会议上，人民党领导人韩东勋表示，鉴于韩国目前的准备水平，实施“公平公正的税收具有挑战性”，并补充说，该党将确保实施两年的延期。

"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."

“韩国有超过 800 万投资者，主要是年轻人，”韩说。 “许多人希望弥补这段时期的损失（特朗普的集会），但朝鲜推出的政策让这些希望破灭。”

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

尽管人民党反对，但朝鲜民主主义人民党在议会中的多数席位使得该提案很可能获得通过，除非该党改变立场。

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

批评人士警告称，这些措施可能会导致资本外流至外国虚拟资产交易所。

"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高级研究分析师Jay Jo表示：“大量资金已经转移到海外交易所，以利用‘泡菜溢价’的套利机会，随着税收负担的​​增加，这一趋势预计将加速。”

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.

他们还担心，未经深思熟虑而实施严格监管可能会损害韩国的全球竞争力。韩国强劲的零售投资吸引了海外加密货币项目的浓厚兴趣，而严厉的税收政策可能会阻碍进一步的投资。

"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：“虽然虚拟资产是一个需要长期征税的行业，但目前的税收提案未能充分考虑（韩国）市场的特征和加密货币快速发展的环境。” “一个结构良好的税收制度必须经过全面的研究和深思熟虑的讨论。”

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.

截至周四下午 3 点，比特币在韩国最大的虚拟资产交易所 Upbit 的交易价格为 1.373 亿韩元，在币安的交易价格为 97,180 美元。在有媒体报道美国总统过渡团队正在考虑在白宫设立一个专门负责加密货币政策的职位后，价格再创新高，于当地时间下午 1:22 达到 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.

自唐纳德·特朗普当选以来，比特币价格已飙升约 40%。如果朝野不能就延期达成协议，所有利润超过250万韩元的投资者都将被征税。