South Korea is planning to further postpone the crypto gains tax for a fourth time to 2029, while introducing a three-year loss carryforward mechanism. Lee Hyung-il, Minister of Economy and Finance, stated that the government will submit a bill to the National Assembly to delay the 22% virtual asset gains tax—originally scheduled to take effect in January—by two years to 2029. This delay aims to align with the implementation of the OECD Crypto-Asset Reporting Framework (CARF) in 2029, enabling access to overseas trading data from jurisdictions like the United States, while introducing a provision under the new rules that allows investors to carry forward losses for up to three years for the first time.