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Key Takeaways
- 52,000+ petition signatures trigger National Assembly review of planned 22% crypto tax.
- Tax delayed three times; currently scheduled January 1, 2027.
- Domestic crypto assets fell 50% from 12.18T to 6.06T KRW before tax took effect.
- Stock capital gains tax abolished; crypto tax maintained: structural asymmetry named.
The tax, which combines a 20% national income tax and a 2% local levy on annual crypto gains exceeding approximately $1,665, has already been delayed three times and is currently scheduled to take effect on January 1, 2027.
What the Market Did Before the Tax Arrived
The 50% decline in South Korean domestic crypto assets occurred before the tax has taken effect, which means the market has already priced in a policy that has not yet been implemented, and proceeding with that policy now would be confirming a signal the market already sent.
Domestic crypto assets fell from ...
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