South Korea to Begin Cryptocurrency Taxation from January 2027, Tax Authorities Confirm Policy

The South Korean Ministry of Economy and Finance officially announced on the 7th that it will implement cryptocurrency taxation as scheduled from January 1, 2027. The announcement was made by Mr. Moon Kyungho, the head of the Income Tax Policy Division, during the 'Cryptocurrency Taxation and Emergency Inspection Conference' held at the National Assembly Members' Office Building in Yeouido, Seoul. This marks the first time the Ministry has publicly taken a stance on the implementation of the tax at an open forum. The conference was hosted by Park Sooyong, a member of the ruling People Power Party, and involved discussions on various tax issues...