“Korea Economic Daily” quoted anonymous presidential office officials as reporting that the South Korean presidential office is inclined to delay the implementation of the capital gains tax on cryptocurrency earnings by another two years. The tax is currently scheduled to take effect in January 2027, and has been postponed three times; if delayed again, it will be extended for the fourth time. Part of the reason the presidential administration is considering the delay is that the US will not join the OECD's crypto asset declaration framework until 2029, which may make it difficult for South Korea to obtain overseas transaction data. The presidential administration official said that no final decision to postpone tax collection has yet been made, and the final conclusion is expected to be finalized during discussions by the National Assembly Tax Subcommittee in November.

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