【South Korea Again Delays Cryptocurrency Tax Collection Until 2027】Golden Finance reported that at today's press conference, the leader of the largest opposition party in South Korea, the Democratic Party of Korea, Park Chan-dae, announced the abandonment of the plan to implement a cryptocurrency capital gains tax in 2025 and agreed to delay it for another two years until 2027. The proposal to "delay the cryptocurrency capital gains tax" was put forward by the South Korean government and the ruling People Power Party. The Democratic Party of Korea previously stated that the delay in taxation is a political ploy of the ruling party. Initially, South Korea planned to impose a 20% tax on cryptocurrency gains (22% for local taxes), which was set to take effect on January 1, 2022. Due to strong opposition from investors and the industry, the plan has been postponed twice to January 1, 2025. After today's press conference, the tax collection has been postponed again until 2027. The ruling People Power Party also proposed that "a two-year grace period for the capital gains tax is still insufficient and should be extended to 2028 for collection; quick taxation on cryptocurrency is undesirable, and investors may leave the market as a result. The People Power Party hopes to postpone the implementation until 2028 to fulfill commitments made during the election period."