South Korea lawmakers mull pushing crypto tax implementation to 2029
Summary
South Korean officials are reportedly considering delaying the country’s planned 22% tax on annual crypto gains above 2.5 million won from January 2027 to 2029. The delay would align implementation with the US joining the OECD’s Crypto-Asset Reporting Framework, enabling tax information exchange; officials cite the US’s large share of the digital-asset market. The tax has been postponed several times since its 2020 proposal, though the National Tax Service still lists January 1, 2027 as the start date. A Blue House official confirmed postponement discussions are underway.
