A South Korean National Assembly petition seeking a two-year delay to virtual-asset taxation had collected 40,363 signatures as of Sept. 11, equivalent to about 81% of the 50,000 needed for formal committee review. The signature campaign runs through Sept. 20. Under the current schedule, taxation is due to begin in 2027; approval of the proposal would push implementation to 2029. The petitioner said the delay would give authorities time to establish tax infrastructure for the virtual-asset industry and individual investors, stressing that the request is intended to support proper implementation rather than avoid taxation. The petition warns that an immediate rollout could shrink South Korea’s domestic virtual-asset market, reduce exchange and corporate-tax revenue, shift funds to overseas exchanges and unfairly affect younger investors. A separate petition seeking to abolish the tax entirely was referred to a standing committee in May after exceeding 50,000 signatures. The government is pursuing implementation in January 2027, while the People Power Party opposes the timetable, citing insufficient infrastructure.