South Korea's Governing Party Leader Kim Min-seok Seeks Crypto Tax Delay

South Korea's Democratic Party leader Kim Min-seok has formally asked the government to delay taxes on cryptocurrency income, currently scheduled to take effect in January 2027. According to Sina Finance, Kim said a framework should first be established through the proposed Digital Asset Basic Act, giving businesses and investors time to adapt. South Korea's crypto tax policy has been postponed three times, and a final decision on another delay is expected after further high-level consultations between the ruling party and the government.