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South Korea will delay taxation on cryptocurrency income by another two years, pushing implementation to 2029 from January 2027, Finance Minister Lee Hyoung-il announced Thursday. This marks the fourth postponement since the Income Tax Act was amended in December, with the government citing inadequate overseas data and rules. The ruling Democratic Party of Korea formally proposed the delay on Wednesday, and the government turned cautious amid low approval ratings and mounting calls from investors, the industry, and lawmakers. The new plan also introduces a three-year loss carryforward for crypto investors. Yonhap reports the government will seek the two-year delay, while Korea Times notes the move renews debate over tax fairness and policy credibility after three previous postponements.