South Korea’s Democratic Party and government officials are preparing to discuss whether to postpone taxation on virtual assets that is currently scheduled to begin in January 2027.

The issue is expected to come up at a policy consultation on Oct. 28 involving ruling-party lawmakers and finance officials. As of Oct. 27, however, Democratic Party figures said no final decision had been made on whether the planned tax start date should be pushed back.

Tax timing set for discussion

According to the source report, the Democratic Party and the government are set to hold a policy consultation focused in part on whether to delay crypto taxation. The levy is currently due to take effect in January 2027.

Hwang Jong-seop, an aide in the office of Democratic Party lawmaker Kim Han-kyu, said he had heard the party-government meeting would take place on Oct. 28. He also said a delay to digital-asset taxation was expected to be on the meeting agenda.

No party decision yet

Democratic Party lawmaker Jeon Eun-soo said some members of the party believe a postponement is necessary. At the same time, Jeon said no decision had been reached as of Oct. 27.

That leaves the upcoming consultation as an important step in clarifying whether the party and government are aligned on the current January 2027 timetable or whether they are willing to consider a later start.

Alternative sequencing under discussion

Another Democratic Party lawmaker, Ahn Do-geol, proposed a different approach to the issue. Rather than moving ahead with the tax on its own, Ahn suggested first enacting the Basic Digital Asset Act and then implementing virtual-asset taxation together with that framework.

The report said the party plans to gather more views before deciding whether to defer the tax. That indicates the discussion remains open and that internal consultation is still underway ahead of any formal position.

Who is expected to attend and what comes next

The Oct. 28 meeting is expected to include Democratic Party lawmakers serving on the National Assembly’s Strategy and Finance Committee, along with officials from the Ministry of Economy and Finance.

For now, the next confirmed step is the policy consultation itself. The central question is whether participants will back a delay to the January 2027 tax launch or continue deliberations while seeking broader agreement, including on the proposed Basic Digital Asset Act.

Source: en.bloomingbit.io