South Korea Proposes to Delay Crypto Taxation for Another 2 Years

• South Korea’s ruling People Power Party has proposed to postpone the taxation on crypto investment gains to 2027.
• The party envisions introducing a comprehensive regulatory framework before implementing taxation.
• The new crypto rules will include crypto custody providers’ requirements and token listing guidelines.

According to a report revealed by a local media outlet, Herald Business Daily, South Korea’s ruling People Power Party has proposed postponing the taxation on crypto investment gains as a general election pledge. The party envisions introducing a comprehensive regulatory framework prior to the implementation of taxation.

Aligning with the right-wing party’s principle of ‘taxation after selection fee,’ the party has proposed postponing the taxation implementation to 2027. While the program was earlier rescheduled from January 2023 to January 2025, the party currently intends to delay it for another 2 years to establish a tax base for virtual assets in the 22nd National Assembly.

A political leader from the People Power Party claimed that the government’s tax policy is int…

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