South Korea Pushes Implementation of Crypto Income Tax to 2029

South Korea’s government announced Nov. 4 that it will postpone its 22% capital gains tax on cryptocurrency by two years, shifting implementation from 2027 to 2029. The delay is tied to the timeline for international crypto data sharing under the OECD’s Crypto-Asset Reporting Framework, which Seoul intends to use for enforcement. The move marks the latest in a series of deferrals for the tax, which has yet to take effect despite repeated scheduling. It matters because Korea is one of the largest retail crypto markets, and the delay extends tax-free treatment for gains while giving authorities more time to build reporting infrastructure. Watch for legislative approval of the new date and for Korea’s first exchanges of crypto tax data with partner jurisdictions.