South Korea's Ministry of Strategy and Finance has begun a review of delaying the taxation of virtual assets

South Korea's Ministry of Strategy and Finance has begun a review of delaying the tax on virtual assets, which is scheduled to be implemented in January next year. Among them, experts pointed out that there is currently no realistic alternative to deal with the anonymity of virtual assets. The ministry is investigating whether the tax on virtual assets will be implemented as planned before the tax law amendments are announced at the end of next month. Earlier, South Korea's Deputy Prime Minister and Minister of Economy and Finance, Choe Sang-mu, said during a meeting with reporters at the government's Sejong office that we still have time before the tax law amendment bill is formulated, so we will consider (delaying the tax on virtual assets).
The virtual asset tax was scheduled to be implemented in January next year, but it has been postponed twice due to imperfect systems by tax authorities and cryptocurrency exchanges.