South Korean Democratic Party lawmaker Min Byung-duk has publicly urged the government to defer virtual-asset taxation beyond its planned January 2027 start, saying collection should begin only after the Digital Asset Framework Act is enacted and administrative systems are ready. Min, senior vice chair of the Democratic Party of Korea's Policy Committee, said the absence of overseas transaction data, loss carryforward rules and confirmed acquisition-cost standards could produce unequal or inaccurate tax outcomes. The government remains committed to taxing income from transfers or lending of virtual assets above a 2.5 million won deduction at a combined 22% rate from Jan. 1, 2027. The National Tax Service has begun developing implementation standards, while Deputy Prime Minister and Minister of Economy and Finance Lee Hyung-il has defended the schedule on the grounds that income should be taxed where it arises.