ChainCatcher news, according to the Korea Herald, the impeachment motion against President Yoon Suk-yeol, initiated by 191 members consisting of 190 lawmakers from six major opposition parties—the Democratic Party of Korea, the Justice Party, the New Progressive Party, the Basic Income Party, and the Social Democratic Party, along with one independent lawmaker—was submitted to the National Assembly plenary session at 0:48 on December 5 (local time).As the National Assembly must vote on the impeachment motion within 72 hours after its submission to the plenary session, the Assembly can vote on the case after 0:49 on December 6 (local time). The opposition plans to hold the vote on the impeachment motion as early as possible; if the motion is passed by the National Assembly, Yoon Suk-yeol will be immediately suspended from office.

ChainCatcher news, according to Jinshi reports, market news indicates that the South Korean National Assembly has begun a plenary session. CCTV news also reported that the South Korean martial law troops attempted to break windows to enter the National Assembly and arrest the lawmakers attending the meeting.In addition, the South Korean Minister of Finance will hold an emergency meeting on the economy and financial markets at 7 AM KST (6 AM Beijing time).

ChainCatcher news, according to Yonhap News Agency, the Strategic and Financial Committee of the South Korean National Assembly has canceled the scheduled plenary meeting. The main reason is that the ruling People Power Party advocates postponing the taxation of cryptocurrency for two years, while the opposition Democratic Party of Korea supports implementing it as originally planned.According to the plan, South Korea will impose a 22% tax rate on cryptocurrency trading gains exceeding 2.5 million won. The Democratic Party of Korea proposed raising the tax exemption threshold from 2.5 million won to 50 million won, while the People Power Party believes that the current tax infrastructure is not yet完善, and that opportunities for asset appreciation should be provided for young people.The cancellation of this meeting also affects the previously agreed proposal for the abolition of the financial investment income tax by the two parties. According to regulations, if the relevant bill is not passed by the Standing Committee before November 30, but is related to the budget proposal, it can still be submitted for consideration at this meeting.

ChainCatcher news, according to Cointelegraph, the account abstraction application Plena has completed a $5 million financing round, with participation from Big Brain Holdings, DeWhale, GBV, WebWise, Galxe, Normie Ventures, FounderHeads, and others.In addition, Plena also announced a collaboration with DAO Maker, Chain GPT, Decubate, AI Tech, and Viction Chain by Coin98 to conduct the largest airdrop event, distributing 2% of its total supply before the listing.

ChainCatcher news, the "Virtual Asset User Protection Act" was passed in today's plenary session of the South Korean National Assembly. It is reported that the focus of this legislation is to protect virtual asset users and restrict unfair trading, making it the country's first legislation targeting virtual assets.According to a statement released by the Financial Services Commission (FSC) of South Korea, the law is expected to be implemented in July 2024. The "Virtual Asset User Protection Act" mainly includes "protection of virtual asset users' assets," "regulation of unfair trading behaviors in the virtual asset market," and "supervision and sanctioning authority of financial authorities over the virtual asset market and operators." (Source link)