Odaily Planet Daily report: Today, South Korea’s Minister of Finance, Lee Hyoung-il, announced that the government plans to delay the implementation of the cryptocurrency gains tax by two years, from 2027 to 2029, and will consult with the National Assembly to advance related legislation. The government stated that South Korea intends to begin exchanging virtual asset tax information with the United States in 2029 and aims to refine its taxation mechanisms for both domestic and international transactions before then. Under the current proposal, gains from individual cryptocurrency transactions exceeding 2.5 million KRW (approximately $1,869) annually are subject to a 22% tax rate. The government also plans to study allowing investors to carry forward losses for up to three years to offset future gains, and will submit corresponding amendments to the National Assembly during its regular session in 2027.