Korean Crypto Investors Push for Two-Year Delay in Tax Implementation

South Korean investors have secured over 50,000 signatures for a petition to delay the country's planned crypto tax by two years. The proposed tax would impose a combined rate of 22% on qualifying digital asset gains.

The petition calls for a delay from January 1, 2027, to 2029 and has reached the National Assembly review threshold. However, the referral does not automatically change the existing tax law or suspend implementation.

Lawmakers must approve another amendment before the proposed delay can take effect.