South Korea Delays Its Crypto Tax Again, Now Until 2029
South Korea will delay its long-awaited crypto gains tax for a fourth time, pushing it back to 2029. The levy was originally due to take effect in January 2027. The decision contrasts sharply with Hong Kong, which approved its own crypto tax reporting law on Wednesday.
Luis BlancoBeInCrypto · November 5, 2026 · 3h agoBrief · 1 min read
South Korea has pushed back its crypto gains tax for a fourth time, now to 2029 instead of January 2027. The levy applies a combined 22 percent rate to annual crypto profits above 2.5 million won. Lawmakers first adopted it in 2020, then postponed it three times amid investor pushback. Democratic Party leader Kim Min-seok proposed the delay, and the government accepted it the next day, according to the Seoul Economic Daily. It still needs National Assembly approval. Officials cited the US not exchanging crypto tax data until 2029 and the need to refine the framework. Analysts said falling youth support was decisive. Critics say repeated delays hurt credibility.
Why it matters: The repeated postponements show how policy timing and investor sentiment can shape crypto taxation in one of Asia's largest markets, while neighboring Hong Kong moves ahead on reporting rules.
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