South Korean Petition to Delay Crypto Tax Gains Over 50,000 Signatures

A petition calling for a two-year delay in the taxation of cryptocurrency income, originally scheduled to begin in 2027, has been referred to the National Assembly's Strategy and Finance Committee. With over 52,000 signatures, the petition argues that the delay is necessary to build proper infrastructure and ensure fairness for investors. While the government maintains that the current classification of crypto income as 'other income' is appropriate for administrative efficiency, lawmakers have also submitted a separate bill to postpone the tax start date to January 1, 2029.