According to *The Korea Times*, Min Byung-deok, a senior member of the ruling party’s policy committee in South Korea, has called for a delay in the implementation of the crypto asset income tax originally scheduled for January 1, 2027. He stated that the tax should only be introduced after the enactment of the *Basic Act on Digital Assets* and the resolution of issues like tracking overseas transactions and loss carryforward deductions. This proposal has gained support from the major exchange alliance *DAXA* and most investors. In response, South Korea’s Minister of Economy and Finance, Choo Kyung-ho, reiterated in parliament that the plan will proceed as scheduled, noting that 85% of investors hold positions below 5 million won, meaning the tax burden under the 2.5 million won exemption threshold would be limited. The tax law plans to impose a 20% tax on annual crypto earnings exceeding 2.5 million won, following three previous delays. https://www.(wublock123.com)/news/south-korea-ruling-party-asks-delay-2027-crypto-income-tax-69178