South Korean crypto tax faces another potential delay, report warns

A new research report warns that the planned 2027 implementation of South Korea's cryptocurrency tax could be postponed yet again, a move that could provoke tax resistance so significant it may hinder future collection efforts, Yonhap News reported. In a report published yesterday, Kim Kap-rae, a senior research fellow at the Korea Capital Market Institute, pointed out that a proposed amendment to the Income Tax Act submitted by the government on Sept. 3 contained almost no significant improvements to the crypto tax framework. Kim assessed that because this failure leaves key systemic issues unresolved—the same issues that led to three previous delays—the possibility of a fourth postponement cannot be ruled out.