South Korean authorities fail to estimate crypto tax revenue and costs three months before rollout

• —South Korea's crypto income tax takes effect in January, with the first filing in May 2028
• —The Finance Ministry and National Tax Service gave no estimate of revenue or administrative costs
• —3.626 billion won has already been spent preparing for the tax
• —A proposal would raise the tax-free threshold from 2.5 million to 20 million won