On the 13th, Lim Kwang-hyun, Commissioner of the Korean National Tax Service, disclosed during a national audit by the National Assembly's Finance and Economy Planning Committee that preparations are being made to issue guidelines for cryptocurrency transaction taxation around November. The announcement will detail specific rules on how to tax different types of transactions. This comes ahead of the cryptocurrency taxation set to begin in January 2027, as authorities have indicated the timing of the announcement. This was reported by local media such as the Herald Economy.
South Korea's cryptocurrency taxation involves an annual threshold of 2.5 million won (approximately...