South Korean Investors Seek Crypto Tax Delay Amid Implementation Concerns

South Korean investors have successfully collected 50,000 signatures to petition for another two-year delay in implementing cryptocurrency taxes. The current plan is to tax qualifying crypto gains at 22% from January 2027 nationwide.

The National Tax Service has acknowledged that directly identifying every unreported private-wallet transaction is difficult and plans to obtain commercial tools capable of tracing movements between blockchain addresses.

Lee Hyoung-il, the nominee for deputy prime minister and minister of economy and finance, told lawmakers that officials intend to issue specific tax standards before the end of 2026 to prevent taxpayers from facing difficulties when filing.