{
  "id": 16828214,
  "title": "Ruling party, gov't fail to agree on delay of cryptocurrency tax",
  "url": "https://urgent.news/2026/10/28/ruling-party-govt-fail-to-agree-on-delay-of-cryptocurrency-tax-16828214",
  "topic": "world",
  "section": "World",
  "published": "2026-10-28T01:37:02.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times",
    "url": "https://www.koreatimes.co.kr/economy/cryptocurrency/20261028/ruling-party-govt-fail-to-agree-on-delay-of-cryptocurrency-tax"
  },
  "original_language": "en",
  "account": "The Democratic Party of Korea (DPK) and the government were unable to agree on Wednesday regarding whether to postpone the tax on cryptocurrencies that was set to start in 2024. The discussion took place at the National Assembly, with lawmakers from the DPK and officials from the finance ministry in attendance. The issue of cryptocurrency taxation has been a topic of debate for the past three years, with the tax originally proposed in 2020.\n\nDuring the meeting, various concerns were raised about the proposed tax. Some argued that the tax should be implemented, as it had been delayed three times previously. However, others suggested that further improvements should be made to the system before it is introduced. Rep. Oh Gi-hyoung, a DPK lawmaker, stated that while the need for taxation was acknowledged, there were disagreements over several key issues.\n\nOne of the main concerns raised was the fairness of the tax between users of domestic and overseas exchanges. The lawmakers agreed on the necessity of taxing virtual assets but disagreed on the specific details of how this should be carried out. The DPK plans to further review these issues before reaching a final decision on the matter.",
  "summary": "The ruling Democratic Party of Korea (DPK) and the government failed to reach a decision for a fourth time Wednesday on whether to delay the planned taxation of cryptocurrencies, with the tax set to take effect next year. The meeting at the National Assembly, attended by DPK lawmakers and finance ministry officials, came as Korea plans to begin taxing virtual assets on Jan. 1. \"We need to discuss…",
  "key_points": [
    "Democratic Party of Korea (DPK) and government failed to agree on cryptocurrency tax delay.",
    "Tax on cryptocurrencies set to start in 2024, postponed in discussion.",
    "Disagreements over fairness and implementation details of the tax."
  ],
  "editors_take": "The ongoing deadlock between lawmakers and the finance ministry signals a persistent struggle to balance revenue collection with the technical challenges of ensuring fairness across domestic and international digital asset exchanges.",
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Yonhap News",
        "title": "Ruling party, gov't fail to agree on delay of cryptocurrency tax",
        "url": "https://urgent.news/2026/10/28/ruling-party-govt-fail-to-agree-on-delay-of-cryptocurrency-tax",
        "published": "2026-10-28T00:48:06.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}