South Korea's Democratic Party pushes to implement crypto tax from January
- —Crypto income in South Korea to be taxed at 22% from January 1
- —Annual exemption threshold set at 2.5 million won
- —The tax has been postponed three times: to 2023, 2025 and 2027
- —Opposition seeks delay or repeal over infrastructure gaps
Why it matters: The decision will shape the tax burden on Korean crypto investors and could drive capital to overseas exchanges.
Source: Bloomingbit