YONHAP · 2026-11-05 07:00 UTC

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

South Korea's finance minister announced the government will seek a two-year delay in implementing cryptocurrency gains tax, pushing it from 2027 to 2029. The delay is justified by the timeline for tax information exchanges with the U.S. starting in 2029 and the need to prepare regulatory framework changes. A 22% tax on annual crypto gains exceeding 2.5 million won would apply under the scheme; the government will form a public-private working group to refine the system.

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