A current Flash report says lawmaker Park Min-kyu will hold a National Assembly forum on Nov. 2 covering digital-asset competitiveness, institutional reform and the timing of crypto taxation. The event could add political pressure, but the supplied reporting indicates South Korea’s planned virtual-asset tax remains set to begin on Jan. 1, 2027 unless lawmakers pass a separate amendment changing the date.

What the Nov. 2 forum can and cannot change

Based on the supplied information, the Nov. 2 event is a reported policy forum rather than a formal tax decision. The Flash describes it as a discussion about the weakening competitiveness of South Korea’s digital-asset market and potential institutional reforms, with the tax schedule forming part of that broader debate.

This distinction matters because the legal process is separate from the political event. A supplied crypto.news excerpt says any further postponement of the planned Jan. 1, 2027 start would require legislative approval. In practice, the forum may help lawmakers, officials and industry participants refine their positions, but it cannot itself amend the tax’s effective date.

The same distinction explains why the forum remains newsworthy. While it has no direct legal force, it comes as South Korea considers whether imposing crypto taxes on the current schedule could undermine domestic market competitiveness or shift activity toward platforms and channels that are harder to monitor.

What the reported January 2027 crypto tax would cover

The supplied reporting describes the proposed framework as a tax on qualifying crypto income, rather than a blanket tax on all digital-asset holdings. An excerpt from Korea JoongAng Daily says annual income from selling or lending crypto assets would be subject to a combined 22% rate after necessary expenses and a basic deduction of 2.5 million won.

In other words, the reported 22% rate would apply to taxable income above the threshold, not to the full value of assets held in a wallet or the gross amount of every transaction. Under the same reported framework, the taxable categories relate to virtual-asset transfers or lending.

The table below outlines the main reported elements of the current framework and the competing push for a delay.

Why another delay remains under discussion

The issue remains unresolved because political and administrative signals are moving in different directions. A supplied crypto.news excerpt says Park Min-kyu reportedly introduced an Income Tax Act amendment on Oct. 16 that would link implementation to international crypto-asset transaction-information exchange. Such a structure could effectively postpone the tax’s start until 2029.

Meanwhile, a Yahoo Finance page carrying a BeInCrypto report says National Tax Service Commissioner Lim Gwang-hyeon told lawmakers on Oct. 13 that crypto-tax guidance was expected around November. This suggests authorities were continuing operational preparations under the existing 2027 timetable rather than suspending work while the debate continued.

An excerpt from MoneyToday highlights one reason delay advocates continue to press the issue: exchanges differ in how much historical trading data they make available to users. If taxpayers cannot readily reconstruct their transaction records, compliance becomes more difficult. The same reported argument says proceeding before broader international information exchange is established could leave users of domestic exchanges bearing more of the immediate burden.

The latest answer, then, is narrow but useful: South Korea can still delay the tax, but not because of the forum alone. The meaningful next trigger would be legislative progress on the reported amendment or formal agency guidance clarifying how the 2027 framework would operate in practice.