South Korea to Implement Cryptocurrency Taxation by 2027

2026/07/31 07:54

CoinPost

Written by L.Kikutani

South Korea to Implement Cryptocurrency Taxation by 2027

Taxation to be Implemented in 2027

The South Korean government, after three postponements, has revealed plans to implement taxation on cryptocurrency transfers and lending profits starting January 1, 2027. According to Korean media and Digital Assets reports, Deputy Prime Minister and Minister of Economy and Finance, Gu Yun-cheol, announced this policy during a full meeting of the National Assembly's Finance and Economy Committee on the 29th. Under the current Income Tax Law, income earned from cryptocurrency transfers and lending is classified as 'other income' and is taxed separately, with an annual exemption of up to 2.5 million won (approximately 280,000 yen)...

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