South Korea is considering a fourth postponement of the tax on crypto income, with January 2029 now viewed as the most likely start date. The government and lawmakers are expected to amend the Income Tax Act, with a final decision likely between late November and early December. The main obstacle is the lack of tax data from the United States, which accounts for almost half of the global virtual-asset market, potentially leaving Korean domestic-platform users with a disproportionate tax burden. The proposed delay follows strong public opposition: a petition seeking a two-year postponement reached 50,000 signatures, and the Korean tax has already been suspended three times, including a 22% rate on gains above 2.5 million won once local taxes are included.
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