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The Democratic Party agreed the day before to defer the tax on Virtual Assets for two years, but Jin Sung-joon, the chairman of the Democratic Party's policy committee, expressed concerns. On the 1st, Chairman Jin stated through his Facebook, "It is difficult to understand why the capital gains tax, which was enacted four years ago through a bipartisan agreement, should be easily abolished and deferred." He further emphasized, "Taxes are imposed on all assets, including labor income, business income, and real estate income. I cannot understand why only capital gains from Virtual Assets should be exempt from taxation," adding, "We should not be discussing tax deferral for all investors, but rather imposing taxes that can be felt by the top 1% of the richest individuals." Meanwhile, Chairman Jin stressed, "We must exist to gain the support and votes of the majority of the people. However, if we do not gain their support, we cannot hope for the future. We must appeal to those with resources to contribute for the sake of our society and future generations."