Korea's crypto tax is going ahead as planned, no more delays. Deputy PM Koo Yun-chul confirmed to the National Assembly today that the exemption ends this year and taxation starts in 2027, with any fixes to come after the fact, not before. The pushback came from PPP's Kim Sang-hoon on a specific structural flaw: crypto gains are taxed as "other income," not capital gains, so losses can't carry forward. His example, lose ₩10M this year, gain ₩5M next year, you're still down ₩5M overall, but that ₩5M gain gets taxed anyway since last year's loss can't offset it. He pointed out the US, UK, and Australia all treat crypto as capital gains and allow loss carryforward, and asked why Korea doesn't. Koo's response was that stock investing doesn't get loss carryforward in Korea either, and that the "other income" classification comes with its own tradeoff, a flat 20% rate with some deductions. He said he's open to revisiting carryforward after the tax actually starts, but switching to a full capital-gains system would mean rethinking Korea's entire capital markets tax structure, not just crypto. Kim also flagged a timing problem: the international system for automatically sharing crypto transaction data across countries (CRS) doesn't start until 2028 for most countries and 2029 for the US. His argument, taxing before that infrastructure exists is premature and unfair to investors. Koo didn't really engage with that point directly, just repeated that the exemption ends this year as written into law, and adjustments will come later if needed.