South Korea’s ruling Democratic Party will decide within one to two weeks whether to postpone individual virtual-asset income taxation scheduled for Jan. 1, 2027, after the country’s five major exchanges requested another delay. Industry representatives said the domestic market remains centered on individual investors and that overseas trading data, tax infrastructure and broader regulatory foundations remain inadequate. They warned that limited access to overseas exchange information could leave domestic-platform users carrying a disproportionate tax burden. The request was discussed at an Oct. 30 National Assembly meeting and at separate party forums. Any postponement would require legislation by the end of November. The tax regime was introduced through a 2020 amendment to the Income Tax Act and has already been postponed three times. South Korea is scheduled to begin exchanging information under the OECD’s Crypto-Asset Reporting Framework in 2027, while the National Tax Service has not issued formal tax standards. Industry representatives called for a two-year delay, citing the United States’ planned CARF participation in 2029.