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The South Korean government has decided to postpone the virtual asset income tax, originally scheduled to take effect next year, for another two years to 2029, marking the fourth delay. Finance Minister Lee Hyoung-il announced the decision on Thursday, renewing debate over tax fairness and policy credibility after three previous postponements. The delay is partly attributed to gaps in overseas data and rules, according to Korea Times. The government also plans to reform the system so that losses are offset against gains, preventing situations where taxpayers owe taxes despite losses, as Maeil Business News reports. Yonhap confirms the two-year delay in taxation of cryptocurrency gains.