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The government announced on November 5 that virtual asset income taxation, originally set to begin next year, will be delayed by two years to 2029, marking the fourth postponement since the tax basis was established in 2020. Finance Minister Lee Hyoung-il cited the start of US-Korea crypto transaction information exchange in 2029 and the need for more time to overhaul digital asset rules. The plan also includes a three-year loss carryforward, allowing investors to offset losses against gains, which the government says prevents taxation on net losses. The delay follows a proposal by ruling Democratic Party leader Kim Min-seok to postpone the tax, which the government formalized within a day. Critics question tax fairness and policy credibility after repeated delays, with some suggesting the tax may never be implemented.