People Power Party floor leader Kwon Seong-dong urged South Korea’s government to postpone or abolish its virtual-asset tax, scheduled to begin in January 2027, warning that implementation could drive capital to competing markets including Hong Kong and Singapore. Kwon also called for a review of the planned Future Response Fund, arguing that temporary surplus tax revenue should not finance spending that may be difficult to reverse and that reducing the broader public tax burden should take priority. The intervention adds to cross-party opposition to the tax despite the government’s continued support for the January 2027 timetable. Earlier accounts of this intervention identified the party floor leader as Jung Jeom-sik; the latest report identifies Kwon Seong-dong.