- Kim Min-seok, leader of South Korea's ruling Democratic Party, stated that he is reviewing opinions on crypto taxation after posting on X, amid strong investor backlash against the planned January 2027 start. - South Korea intends to tax crypto gains as "other income" at a combined 22% rate above an annual 2.5 million KRW (~$1,800) deduction, a framework delayed multiple times since its 2020 adoption. - Recent official comments, including Kim's, indicate a potential softening of the previous firm commitment to the 2027 timeline, possibly leading to further policy adjustments or deferrals.
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