Here is what the page “South Korea Weighs Delaying Crypto Gains Tax to 2029 as Exchanges Cite Unready Systems” contains. South Korea’s long-delayed cryptocurrency gains tax faces another potential postponement, with finance officials and major domestic exchanges set to meet on October 20. The tax, already deferred three times, is scheduled to take effect in January 2027, but a new legislative proposal would push implementation to 2029 by tying it to the OECD’s Crypto-Asset Reporting Framework. Exchanges argue that the reporting infrastructure needed to handle diverse transaction types and cost-basis calculations is still incomplete, warning that a rushed launch could lead to inconsistent tax treatment or drive activity to offshore platforms.
The planned rate is commonly described as 22% after including local taxes, not a simple 20% all-in charge. For investors, the current start date remains January 2027 unless lawmakers act, while exchanges see a delay as time to build systems but also acknowledge prolonged policy uncertainty. This listing links straight to the original page, where the content is available in full.