
South Korea crypto tax delay petition hits 53,809 signatures ahead of 2027 rollout
- —Petition with 53,809 signatures formally referred to a parliamentary committee
- —About 510 investors raised 50 million won for truck protests and solo pickets
- —Tax of 22% (20% income plus 2% local) starts in 2027 with a 2.5 million won deduction
- —Activists demand loss carryforward and offsetting against other investment assets
Why it matters: The delay or redesign of the tax will shape whether Korean investors keep trading on local exchanges or migrate offshore.
Source: TokenPost