PANews reported on November 24th that, according to the Korea Business Economics Report, the cryptocurrency tax system, originally scheduled for implementation in 2027, may face its fourth postponement due to gaps in its core framework. The Korea Capital Markets Institute points out that the current definitions of returns from airdrops, lending, and staking are unclear, and there is a lack of taxation basis for overseas transactions and P2P transactions. Another postponement could severely undermine trust in the system. Industry insiders are calling for the prompt clarification of taxable objects and methods, as well as the establishment of an information tracking system. As of the first half of 2025, the number of users who have completed identity verification on South Korean domestic virtual asset exchanges has reached 10.77 million. This figure is similar to the 14.23 million investors in listed stocks at the end of last year.PANews reported on November 24th that, according to the Korea Business Economics Report, the cryptocurrency tax system, originally scheduled for implementation in 2027, may face its fourth postponement due to gaps in its core framework. The Korea Capital Markets Institute points out that the current definitions of returns from airdrops, lending, and staking are unclear, and there is a lack of taxation basis for overseas transactions and P2P transactions. Another postponement could severely undermine trust in the system. Industry insiders are calling for the prompt clarification of taxable objects and methods, as well as the establishment of an information tracking system. As of the first half of 2025, the number of users who have completed identity verification on South Korean domestic virtual asset exchanges has reached 10.77 million. This figure is similar to the 14.23 million investors in listed stocks at the end of last year.

South Korea's cryptocurrency tax may be delayed again, with its implementation in 2027 uncertain.

2025/11/24 18:52

PANews reported on November 24th that, according to the Korea Business Economics Report, the cryptocurrency tax system, originally scheduled for implementation in 2027, may face its fourth postponement due to gaps in its core framework. The Korea Capital Markets Institute points out that the current definitions of returns from airdrops, lending, and staking are unclear, and there is a lack of taxation basis for overseas transactions and P2P transactions. Another postponement could severely undermine trust in the system. Industry insiders are calling for the prompt clarification of taxable objects and methods, as well as the establishment of an information tracking system.

As of the first half of 2025, the number of users who have completed identity verification on South Korean domestic virtual asset exchanges has reached 10.77 million. This figure is similar to the 14.23 million investors in listed stocks at the end of last year.

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