<p>According to a <a href="https://www.koreatimes.co.kr/www/biz/2021/10/602_316582.html">report</a> this week from the Korea Times, South Korea's financial leadership is fighting to implement crypto taxation on time. </p> <p>The Finance Ministry has already pushed back a 20% tax on gains of over 2.5 million won ($2,100 USD) from October 1 to January 1. </p> <p>Further delays threaten enforcement actions, according to Deputy Prime Minister and Finance Minister Hong Nam-ki. The opposition party, however, is still looking to push back on the January 1 start date, claiming that the existing taxation mechanism is not ready. </p> <p>The local Financial Services Commission is also said to be looking into token listing and delisting practices. Chairman Koh Seung-beom is particularly concerned with the 4 trillion won ($3.35 billion USD) that dominant exchange Upbit has received in listing fees. </p> <p>South Korea's crypto trading market has historically been significant in size, especially proportionate to the country's population. Regulators and lawmakers have been paying more and more attention to the area, <a href="https://www.theblockcrypto.com/linked/106332/leveraged-crypto-trading-threatens-banking-korea">especially leveraged trading</a>. The South Korean branches of several major international crypto exchanges like <a href="https://www.theblockcrypto.com/linked/99073/okex-korea-shutting-down-april-2021">OKEx</a> and <a href="https://www.theblockcrypto.com/post/89198/binance-korea-shutting-down-crypto-exchange">Binance</a> have also left the country in the past year. </p>