According to CoinMeta, the Democratic Party of Korea has called for a postponement of the taxation on crypto assets, which was originally scheduled to take effect on January 1, 2027. Senior members of the Policy Committee, Min Byung to Duk, advocate for implementing the tax only after the passage of the "Digital Assets Basic Act." However, Finance Minister Lee Hyoung to Il supports the implementation on schedule, stating that 85% of investors hold less than 5 million Korean won (about $3,670), and most fall below the tax threshold with a basic deduction of 2.5 million Korean won. This tax regime treats gains from the transfer or lending of digital assets as other income, with a tax rate of 20%, and losses cannot be carried forward. The Exchange Alliance DAXA also urges a postponement, as a survey shows that 73.7% of Korean investors oppose this tax regime. (Source: Korea Times)