Korea’s Democrats Back a Crypto Tax Delay, Promise a Firm End Date They Haven’t Named

Dextape brief

By Dextape Desk · November 4, 2026

South Korea's ruling Democratic Party has asked the government to hold off on taxing crypto income, which is currently scheduled to begin in 2027. Party leader Kim Min-seok announced the position on November 4 in the National Assembly, according to News1. Kim tied the stance to negotiations with officials, largely through the finance committee, and to a gathering with digital asset firms. Kim argued that the Digital Asset Basic Act, which would set industry rules and is still unpassed, should come first so companies and investors can adjust. He promised a clearly defined delay this time, but gave no length. Finance committee lawmakers reportedly favored two years, with a final figure to follow senior-level talks.

Why it matters: The delay would push back a tax on crypto income that South Korea had planned to begin collecting, and its length remains undecided.

Summary by Dextape, based on reporting by Unchained. Written with AI from the publisher’s text and checked automatically for copied wording and unsupported figures. Not investment advice.