{
  "id": 16831741,
  "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-16831741",
  "topic": "world",
  "section": "World",
  "published": "2026-10-28T02:07:03.000Z",
  "source": {
    "name": "The Korea Times",
    "slug": "the-korea-times-koreatimes",
    "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 ruling Democratic Party of Korea (DPK) and the government struggled to agree for the third consecutive time on whether to postpone the planned tax on cryptocurrencies, scheduled to begin next year. The discussion took place at the National Assembly, involving DPK lawmakers and finance ministry officials, as Korea prepares to impose taxes on virtual assets on January 1st. Rep. Oh Gi-hyoung, speaking to reporters, stated that the lawmakers reviewed several issues related to taxation. While some members advocated for taxation, as it had been delayed three times before, others proposed further improvements to the tax system. The officials at the meeting agreed on levying tax on virtual assets but expressed concerns regarding tax equity between users of domestic and foreign exchanges. The Democratic Party of Korea intends to reassess the matters before reaching a final decision. Korea originally introduced a tax scheme on cryptocurrencies in 2020, but its implementation has been postponed three times. The taxation scheme stipulates that cryptocurrency gains exceeding 2.5 million won ($1,880) per year should be taxed.",
  "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": [],
  "editors_take": null,
  "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."
}