South Korea's 2027 crypto tax faces renewed calls for delay

  • Han Dong-hoon called for another postponement of South Korea's planned virtual-asset tax.
  • The tax is scheduled for Jan. 1, 2027 on annual gains above 2.5 million won.
  • A National Assembly petition seeking a delay received more than 50,000 signatures.

South Korea's planned virtual-asset tax remains set for Jan. 1, 2027, but independent lawmaker Han Dong-hoon has called for another delay, arguing that enforcement preparations remain inadequate. Han said investors could shift assets to overseas exchanges or private wallets, creating unequal treatment for domestic-exchange users, and said the Crypto-Asset Reporting Framework alone would not provide complete transaction records. The tax would apply a combined 22% rate to annual gains above a 2.5 million won ($1,860) deduction. Han's intervention follows a National Assembly petition seeking a delay that received more than 50,000 signatures, while finance minister nominee Lee Hyoung-il has said many investors would face limited burdens under the proposed rules and that lawmakers could continue reviewing the issue.

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South Korea's 2027 crypto tax faces renewed calls for delay - CoinPost Terminal