Ask what Korea is talking about.

The South Korean government has decided to postpone cryptocurrency income taxation by another two years, pushing implementation to 2029 from next year, Finance Minister Lee Hyoung-il announced on Thursday. This marks the fourth delay, following three previous postponements, and the government plans to revise the system to prevent taxpayers from owing taxes even when they incur losses, according to Maeil Business Newspaper. Yonhap reports the government will seek the two-year delay, while KBS World notes the ruling Democratic Party leader Kim Min-seok had proposed postponing the virtual asset tax set to take effect in January. The Korea Times reports the delay renews debate over tax fairness and policy credibility, and notes major economies like the US and Britain already tax crypto gains, though rates and allowances vary.