ETH: South Korea’s crypto tax situation is wild—they’re considering a fourth delay, and it could even be pushed all the way to 2029.
It was originally scheduled to take effect in January 2027, with a 22% tax on annual gains above 2.5 million won.
But it’s been put on hold again because overseas trades and personal wallet records are too difficult to track. They’re also waiting for the U.S. to join the international information exchange framework in 2029, and cross-border data doesn’t line up.
Delaying the tax may reduce the incentive for retail investors to sell and keep money in the market. But the biggest concern now is that this could just be a feint—and that a later policy announcement could bring the full bill due.
It was originally scheduled to take effect in January 2027, with a 22% tax on annual gains above 2.5 million won.
But it’s been put on hold again because overseas trades and personal wallet records are too difficult to track. They’re also waiting for the U.S. to join the international information exchange framework in 2029, and cross-border data doesn’t line up.
Delaying the tax may reduce the incentive for retail investors to sell and keep money in the market. But the biggest concern now is that this could just be a feint—and that a later policy announcement could bring the full bill due.
