South Korean lawmakers from the Democratic Party and People Power Party are seeking to delay virtual-asset taxation scheduled to begin in January 2027. Democratic Party lawmakers Park Min-kyu and Min Byung-duk said the system should not start before a basic digital-asset law, clear tax standards and supporting infrastructure are established. Park also warned that implementation before the Crypto-Asset Reporting Framework, or CARF, is fully operational could disadvantage users of domestic exchanges and create confusion for young investors. The People Power Party has adopted delay and repeal as official policy, while lawmaker Kim Jae-seop proposed moving the start date to Jan. 1, 2030. His bill would retain the proposed 20% income-tax rate and approximately $1,800 annual deduction, while adding reporting and acquisition-cost provisions. The government plans to proceed from 2027, with the National Tax Service preparing guidelines and a dedicated Digital Asset Division. Lee Hyoung-il, nominee for deputy prime minister and finance minister, said 2027 implementation was appropriate under the principle that income should be taxed.