Korea's deputy PM nominee: crypto tax from 2027, but burden will be small
- —Korea's crypto tax is scheduled for 2027 after a delay approved in 2024
- —85% of investors hold assets worth less than 5 million won
- —The annual deduction is 2.5 million won, and part of profits may be recognized as expenses
- —Tax details will continue to be discussed in a parliamentary subcommittee
Why it matters: It confirms the timing of the tax in one of the largest crypto jurisdictions but signals a light burden for retail.
Source: Bloomingbit