South Korea's Democratic Party proposes shifting crypto income tax start from 2027 to 2029
South Korea’s ruling Democratic Party has proposed delaying the planned tax on crypto income, currently scheduled to take effect on Jan. 1, 2027. Reports describe a postponement of about two years, potentially moving the start to 2029; the proposal has not changed the legal start date [1] [2] [3] [4].
Party leader Kim Min-seok argued that a Digital Asset Basic Act should be established before taxation begins. The party is also waiting for global tax-sharing rules, according to CoinDesk [1] [2] [4].
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Sources
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- 1South Korea's ruling party wants to delay its crypto tax againCoinDesk• Nov 4, 2026
- 2South Korea’s Ruling Party Formally Seeks Crypto Tax DelayThe Defiant• Nov 4, 2026
- 3South Korea ruling party proposes crypto tax delay to 2029 for market readinessCrypto Briefing• Nov 4, 2026
- 4South Korea's Ruling Party Chief Proposes Delaying Crypto Income TaxPhemex• Nov 4, 2026
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