KOREA TIMES · 2026-10-28 01:07 UTC

Ruling party, gov't fail to agree on delay of cryptocurrency tax

South Korea's ruling Democratic Party and government failed to agree Wednesday on delaying cryptocurrency taxation set to begin January 1, 2026. Officials agreed virtual assets should be taxed but raised concerns about fairness between domestic and overseas exchange users. The tax scheme would apply a 22% rate to annual cryptocurrency gains exceeding 2.5 million won; implementation has been postponed three times since 2020.

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