South Korea Seeks Fourth Delay on 22% Crypto Tax, Now Targeting 2029

South Korea is moving to postpone its cryptocurrency tax for the fourth time, with the government now aiming for a 2029 implementation date. The proposed delay comes just months after officials reaffirmed plans to begin taxing digital asset gains at a 22% rate starting January 2027. The repeated postponements reflect ongoing political and market uncertainty, as lawmakers struggle to balance tax revenue goals with investor concerns and the need for clearer regulatory frameworks. The 22% tax, which would apply to crypto trading profits exceeding a certain threshold, has faced pushback from the industry and younger investors. A shift to 2029 would give the market more time to mature and allow for further refinement of reporting and compliance systems. For crypto holders and exchanges operating in one of Asia's largest digital asset markets, the delay offers temporary relief but also prolongs regulatory ambiguity. The final decision will hinge on legislative approval, and stakeholders are watching closely as the timeline continues to slide.