South Korea
Block Media
Democratic Party: "Decision on Whether to Defer Digital Asset Taxation Will Come by Late November at the Latest"
- Digital asset taxation is currently set to take effect in January 2027, and the Democratic Party aims to finalize a decision on further deferral by late November 2026 at the latest.
- Industry operators pushed for a tax delay, citing the need for industry development support and more time to prepare institutional/regulatory infrastructure.
- Rep. Oh Gi-hyeong of the Democratic Party said the party will review major outstanding issues over the next one to two weeks before settling its final position, speaking after a National Assembly roundtable with digital asset business operators on October 30.