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Kim Min-seok, leader of the ruling Democratic Party of Korea (DPK), formally requested the government on November 4 to further postpone the cryptocurrency income tax scheduled to take effect in January, according to Maeil Business Newspaper. The proposal was made during a Supreme Council meeting at the National Assembly, with the National Assembly's Strategy and Finance Committee at the center of discussions. This marks the fourth potential delay, as the government and lawmakers had previously failed to reach a decision on October 28, with the tax originally set to take effect in January 2027. Business Korea reports the government is leaning toward another delay citing inadequate preparation, while Korea Times notes the government has turned cautious amid low approval ratings and mounting calls from investors, the industry, and lawmakers.