South Korea’s presidential office is considering another postponement of the crypto tax, potentially pushing its introduction from 2027 to 2029. The planned regime imposes a 22% tax rate on annual profits above 2.5 million won, or approximately $1,888. First approved in 2020, the tax has already been delayed three times amid concerns about monitoring transactions conducted on foreign exchanges. A proposed bill would link implementation to international information-sharing agreements under the OECD’s Crypto-Asset Reporting Framework, which the United States is scheduled to join in 2029.
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