According to the Korea Times, the South Korean government and the ruling Democratic Party still plan to implement a virtual asset income tax starting January 1, 2027. Annual trading or lending profits exceeding 2.5 million KRW will be taxed at a combined rate of 22%. The National Tax Service of Korea held an expert meeting this week to discuss detailed implementation guidelines. Meanwhile, a petition in the National Assembly calling for a two-year delay on the crypto tax has garnered over 10,000 signatures. If it reaches 50,000 signatures by September 20, it will move to formal review by the parliamentary committee. A bill proposing to postpone the implementation to 2030 has also been introduced by a major opposition party lawmaker. https://(wublock123.com)/news/korea-crypto-tax-implementation-january-2027-delayed-petition-10000-signatures-67375