South Korea’s digital-asset industry and public petitioners are urging authorities to delay the planned January 2027 rollout of virtual-asset taxation, arguing that essential infrastructure, information-sharing systems and legal standards remain unprepared. The Digital Asset eXchange Alliance (DAXA) presented the industry’s position in a Sept. 10 policy paper based on views from domestic virtual-asset service providers, while a National Assembly petition had collected 40,363 signatures as of Sept. 11, about 81% of the 50,000 needed for committee review. The petition seeks a two-year postponement to 2029. DAXA supports taxing virtual-asset income over the long term but cited unresolved acquisition-cost verification, tax-residency and withholding systems, access to overseas-operator data under the Crypto-Asset Reporting Framework (CARF), and inconsistencies with the planned Digital Asset Basic Act. Both the industry paper and petition warn that an immediate rollout could reduce domestic trading, shift funds to overseas exchanges and weaken tax revenue while increasing compliance burdens. DAXA proposed a higher basic deduction, at least five years of loss carryforwards or an asset-income system covering stocks and virtual assets, and called for phased testing and revision before enforcement. A separate petition to abolish the tax entirely exceeded 50,000 signatures and was referred to a standing committee in May, while the government supports the January 2027 timetable and the People Power Party opposes it over infrastructure concerns.