South Korea's cryptocurrency tax plan, initially set for 2022, is facing a potential fourth delay, with the 2027 implementation now uncertain. A recent report indicates that a proposed amendment to the Income Tax Act has not resolved critical issues such as asset classification, transaction tracking, and valuation methods. This ongoing uncertainty is impacting investors and exchanges, complicating long-term strategies and compliance efforts. The government is under pressure to either revise the tax framework or acknowledge that the 2027 timeline may be unrealistic.