[South Korea's Democratic Party Leader Proposes Postponing Cryptocurrency Tax Income Tax Scheduled for 2027] According to a report by Jinse Finance on November 4th, citing News 1, Kim Min-seok, leader of South Korea's ruling Democratic Party, stated that he has formally proposed to the government to postpone the implementation of the cryptocurrency tax law, which was originally scheduled to take effect on January 1, 2027. Kim Min-seok stated at a party meeting that South Korea should first enact a "Digital Asset Basic Law" to establish a legal framework for cryptocurrencies and allow companies and investors to adapt before taxing cryptocurrency gains.