Bank of Korea Governor Rhee Chang-yong does not believe that the recent political turmoil in South Korea will lead to a decrease in interest rates. He stated that the chaos caused by President Yoon Suk Yeol's imposition of martial law had little impact on the country's economy. Despite the backlash against President Yoon and the uncertainties in global trade, Governor Rhee expressed confidence in South Korea's economic fundamentals and the ability of government officials to navigate the crisis. The Bank of Korea had recently cut interest rates, showing their support for the economy during this period of uncertainty. Additionally, South Korea's implementation of a crypto capital gains tax will be delayed until 2027, giving individuals more time before a 20% tax levy is imposed on profits from crypto trading. Democratic Party floor leader KDP Park Chan-dae announced the postponement and mentioned that there is still room for negotiation on other proposed tax bills.



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