South Korea's ruling party leader proposes delaying cryptocurrency income tax

Odaily: Democratic Party leader Kim Min-seok stated that he has formally proposed to the South Korean government to delay the cryptocurrency income tax. The tax law was originally scheduled to take effect on January 1, 2027; Kim Min-seok said at the party meeting that South Korea should first enact the "Basic Act on Digital Assets" to allow companies and investors to adapt before taxing crypto gains.