The government and the ruling party in South Korea are considering postponing the virtual asset investment income tax, set to be implemented next year, due to the lack of a robust taxation system and infrastructure. The Ministry of Strategy and Finance is working to include this deferral in the upcoming tax law amendment. From January 1, a 20% tax on virtual asset income will apply, excluding a 2.5 million won basic deduction. The ruling party, is aggressively pushing for a three-year deferral, aligning with their 22nd general election pledge. The delay is also seen as necessary to establish a sophisticated taxation system and avoid burdening young investors. The tax on gold investment may also be postponed to maintain consistency in financial investment taxation.

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