South Korea says tokenized stocks may be taxed under Capital Markets Act this year

South Korea’s Ministry of Economy and Finance said tokenized stocks should be classified as securities rather than virtual assets, a distinction that could bring them under the existing Capital Markets Act without waiting for a separate crypto tax regime. The ministry said taxation could begin immediately if the Financial Services Commission confirms the instruments qualify as securities, with implementation possible as early as the second half of this year. Officials also said offshore trading on overseas platforms could fall under dividend income taxation and that the government is building tax information-sharing systems with overseas authorities, including the U.S. IRS, signaling broader efforts to strengthen cross-border enforcement.