# South Korea’s Digital Asset Legislation Enters Final Consultation Stage By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/37980 Published: 2026-10-22T14:53:08.000Z Updated: 2026-10-22T14:53:08.000Z Section: Regulation > The government is continuing administrative steps for a January 2027 virtual asset tax, while opinions on taxation are still being collected. South Korea’s Financial Services Commission (FSC) Chair 李亿元 said digital asset legislation had entered its final consultation stage, as a lawmaker questioned whether to repeal or delay the planned January 2027 tax on virtual assets. At a comprehensive audit by the National Assembly’s Political Affairs Committee, People Power Party lawmaker 宋彦锡 asked whether the tax should be repealed or delayed. He argued lawmakers should prioritize a basic law on digital assets before their nature and the policy direction are settled. 李亿元 said discussions on digital asset legislation would move forward quickly. On taxation, 李 said various circumstances needed consideration, as views differed and opinions were still being collected. South Korea introduced the virtual asset tax through a 2020 amendment to its Income Tax Act, but implementation has been postponed three times. The government is continuing administrative steps toward the planned [January 2027 crypto tax timetable](). ## Links in this article - [January 2027 crypto tax timetable](https://www.tokenpost.com/news/regulation/36559)