YONHAP · 2026-11-05 07:16 UTC

(LEAD) S. Korea to seek 2-year delay in tax on cryptocurrency gains

South Korea's finance minister announced a proposed 2-year delay in cryptocurrency gains tax, pushing implementation from 2027 to 2029. The delay is the fourth postponement since the tax was first planned in 2020, citing need for alignment with U.S. information exchange timeline and regulatory framework preparation. A 22% tax would apply to annual crypto gains exceeding 2.5 million won; the government will form a working group to refine the system and allow loss carryforwards up to three years.

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