ChainCatcher news, on the morning of December 12 local time, South Korean President Yoon Suk-yeol delivered another televised address, refusing to step down early and denying that declaring martial law constitutes a crime of insurrection. Following Yoon's speech, various opinions in South Korea quickly criticized him. The largest opposition party, the Democratic Party of Korea, stated that Yoon is in a state of mental instability and called for the National Assembly to pass an impeachment motion. Han Dong-hoon, a representative of the ruling party, also stated after Yoon's speech that there was no sense of reflection in Yoon's remarks and that he was rationalizing his actions.Some commentators pointed out that Yoon may anticipate being unable to prevent the National Assembly from passing the impeachment motion and is looking for ways to influence the final ruling of the Constitutional Court. The chaos in South Korean politics is likely to continue. (Jinshi)

ChainCatcher news, South Korean Democratic Party spokesperson Noh Jong-myun stated that the ruling party's plan to postpone the virtual asset taxation plan for two years is "unacceptable." (News1)According to previous reports, South Korean political parties recently reached an agreement to cancel the planned financial investment income tax, and the cryptocurrency capital gains tax originally scheduled for implementation in 2025 is now more likely to be postponed until 2027.In July, the South Korean government proposed a tax law amendment that includes the postponement of the cryptocurrency capital gains tax, but due to the Democratic Party's opposition to other tax reduction policies of the government, the passage of this amendment has remained uncertain.