South Korea’s People Power Party is seeking talks with the country’s five major won-market virtual-asset exchanges on changes to the crypto-tax system and a possible further delay to taxation scheduled to begin in January 2027. The party is coordinating a seminar for 2 p.m. on Sept. 21, although the schedule and attendees have not been finalized. Floor Leader Jung Jeom-sik, Policy Committee Chair Lim I-ja and secretaries of relevant standing committees are among the party officials being considered, alongside executives from Dunamu, Bithumb, Coinone, Korbit and Streami and officials from the Digital Asset eXchange Alliance, or DAXA. Under the current Income Tax Act, income exceeding 2.5 million won from transferring or lending virtual assets would face a 20% tax, or 22% including local income tax. The regime has already been postponed three times from its original 2022 start date, while People Power Party lawmakers have introduced bills seeking abolition or further delays to 2029 or 2030. The government and the Democratic Party continue to support starting taxation next year under current law.