South Korea Delays Virtual Asset Tax to 2029, Cites US Data Access

The delay is less about tax policy than about data infrastructure: Seoul is effectively admitting it cannot assess crypto income without US transaction records, which ties South Korea's enforcement timeline to cross-border information sharing it does not control. That dependency matters for domestic exchanges and investors who might otherwise face reporting obligations sooner. The public-private task force and accelerated legislation are the nearer-term signals worth tracking, since they will shape the framework well before 2029. Whether the US data channel is actually secured by then remains the open question.