TREE NEWS update: South Korea’s finance minister Lee Hyoung-il said the government plans to postpone its cryptocurrency gains tax by two years, from 2027 to 2029, and will negotiate the legislation with the National Assembly. The current plan taxes individual crypto gains above 2.5 million won (about $1,869) a year at 22%. Seoul also aims to start exchanging virtual-asset tax information with the US in 2029 and will study allowing investors to carry losses forward for three years, submitting an amendment in the 2027 regular session.
South Korea Plans Two-Year Delay to 2029 for Crypto Gains Tax
AI take
The delay is a political accommodation rather than a policy reversal, and it keeps the 22% rate and the 2.5 million won threshold intact while shifting the implementation burden onto the National Assembly. The more consequential details sit in the fine print: loss carry-forward and the 2029 US information exchange would align Korea's regime with international reporting norms, which matters for cross-border holders and intermediaries. Whether the Assembly honors the two-year timeline, and whether carry-forward survives amendment, is the open question.
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