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South Korea Confirms Cryptocurrency Tax Will Take Effect in 2025

Guavy AI Editorial Team
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South Korea's finance minister has confirmed that cryptocurrency taxation will proceed as scheduled in 2025.

The tax, which was originally set to take effect in 2022 but was delayed twice due to market volatility and industry pushback, is expected to be implemented next year as planned.

The government has stated that gains from cryptocurrency trading will be taxed at a rate of 20% on annual profits exceeding 2.5 million won (approximately $1,800),

Koo Yun-cheol, South Korea's deputy prime minister and finance minister, made the announcement in response to a question from People Power Party lawmaker Kim Sang-hoon.

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