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Electoral populism

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Delayed taxation of virtual assets aims at young voters' support

The ruling and opposition parties have agreed to postpone introducing the taxation of virtual assets for one year to 2023. It seems as if the rival parties showed rare bipartisanship, conscious of voters in their 20s and 30s, in the lead-up to the presidential poll less than 100 days away. Early last month, Lee Jae-myung, the candidate of the governing Democratic Party of Korea (DPK), pledged to put off the taxation, and the main opposition People Power Party (PPP) has shown few signs of disagreement. However, the two political parties' agreement to delay the........

© The Korea Times

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