[A South Korean Lawmaker Proposes Delaying Virtual Asset Income Taxation by Three Years to 2030] According to MBN, South Korean People Power Party lawmaker Jung Sung-kook plans to propose a bill to delay the implementation date of virtual asset income taxation by three years, from January 1, 2027, to January 1, 2030. The lawmaker stated that by postponing the implementation date until a comprehensive review of related systems, including virtual asset taxation, is completed, a safeguard can be established to enhance taxpayers' expectations and prevent systemic confusion. Under current regulations, starting January 1 of next year, income generated from the transfer or lending of virtual assets will be classified as "other income" and subject to income tax. As a result, profits exceeding 2.5 million KRW per year will be taxed at a rate of 22%, which includes 20% for other income tax and 2% for local income tax.