South Korea Confirms Digital Asset Tax Implementation for January 2027

Deputy PM Koo Yun-cheol confirms crypto tax starts Jan 1, 2027, at 20-22% on gains over 2.5M won, rejecting loss carryforward deductions.

Woofun AI reports that South Korean Deputy Prime Minister Koo Yun-cheol affirmed the implementation of digital asset taxation on January 1, 2027, during a National Assembly committee meeting. Under current regulations, income from digital asset transactions exceeding 2.5 million won is subject to a 20% tax rate, potentially reaching 22% with local taxes. Koo addressed concerns regarding the absence of loss carryforward deductions by noting that stock investments similarly lack this provision, while stating the system remains open to future review and improvement.