KOREA TIMES · 2026-11-05 08:12 UTC

[COVER STORY] Korea seeks another crypto tax delay over gaps in overseas data and rules

South Korea's Finance Minister Lee Hyoung-il announced the government will seek to postpone cryptocurrency income taxation until 2029, citing need for overseas transaction data and clearer rules. This would be the fourth delay since the original 2022 start date; the tax would apply 22% on annual net profits above 2.5 million won. A Tiger Research survey found 73.7% of Korean crypto investors oppose implementation under current rules, while critics say repeated delays weaken policy credibility.

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