South Korea to delay crypto tax amid industry calls for more time

South Korea's finance ministry plans to meet crypto exchanges including Upbit and Bithumb on Tuesday to discuss postponing the planned cryptocurrency tax, originally set for January 2027. Industry officials cite unresolved transaction rules and insufficient time to prepare infrastructure as key reasons for the delay. Democratic Party lawmaker Park Min-gyu has introduced a bill to push the tax start date to January 1, 2029, aligning with the OECD Crypto-Asset Reporting Framework data-sharing timeline.