South Korea’s ruling and opposition parties have tentatively agreed to postpone taxation on virtual asset transfer and lending income by two years, moving the planned start from 2027 to 2029. Rep. Oh Gi-hyoung of the ruling Democratic Party said lawmakers had reached a consensus on advancing the delay, although the amendment was not approved on November 11 and procedural details remained under discussion. Disagreements include a higher basic deduction, loss carryforward deductions and requirements for exchanges to submit trading data. Lawmakers are also reviewing earlier tax-data submissions by virtual asset service providers. The government proposed the delay, which Finance Minister Lee Hyoung-il said it would seek, while opposition lawmaker Rep. Bae Jun-young urged responsible preparation during the deferral.