South Korea’s opposition People Power Party has moved to delay the country’s 22% cryptocurrency investment tax by three years to Jan. 1, 2030, days after the government kept the levy on track to start in 2027.
Summary
- South Korea’s People Power Party has proposed delaying the 22% crypto tax from 2027 to 2030.
- The tax would apply to annual crypto gains above 2.5 million won.
- The government recently kept the Jan. 1, 2027, implementation date in its 2026 tax reform proposal.
- A separate opposition bill seeks to abolish the crypto income tax altogether.
- Lawmakers are also working on new rules covering stablecoins, exchanges and digital asset markets.