TREE NEWS update: South Korea’s Ministry of Economy and Finance has classified US-stock-linked perpetual futures as overseas equity derivatives subject to capital gains tax, applying an 11% rate to gains from next year. The tax applies after an annual basic deduction of 2.5 million won and is half the 22% rate on overseas spot equities. Investors can only access these products through overseas exchanges such as Binance because the Financial Services Commission has not permitted perpetual futures.
South Korea to Tax US-Stock Perpetual Futures Gains at 11% from Next Year
The distinction matters more than the rate: Seoul is treating these products as equity derivatives rather than crypto, which pulls them into a familiar tax framework but at a fraction of the spot-equity burden. The design also leans on a channel the regulator never authorized — access runs through offshore venues like Binance — so enforcement depends on reporting rather than licensing. Whether offshore-only access survives scrutiny, and whether the lighter rate holds once the FSC takes up perpetual futures, are the open questions.
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