South Korea Delays Crypto Income Tax Again, Postponing January 2025 Start

This third delay underscores how politically and administratively difficult it has been for South Korea to bring crypto gains into the existing income tax framework, despite the law being set years ago. The postponement affects domestic virtual asset holders and the exchanges and intermediaries expected to support reporting, and it leaves the 22% rate and the basic deduction as a framework on paper rather than in practice. Whether the January 2025 start holds, and how reporting obligations are operationalized, is the open question worth watching.