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Korea Delays Crypto Tax to 2029, Fourth Postponement

South Korea will postpone cryptocurrency income taxation by another two years, pushing implementation to 2029 from January 2027, Finance Minister Lee Hyoung-il announced on November 5. This marks the fourth delay, following three previous postponements, and the government cited gaps in overseas data and rules as reasons, Yonhap and Korea Times report. The ruling Democratic Party leader Kim Min-seok had proposed postponing the tax at a Supreme Council meeting on November 4, KBS World reports. Korean media and commentators are debating tax fairness and policy credibility after repeated delays, with Korea Times noting major economies like the US and Britain already tax crypto gains, though rates and allowances vary.

  1. Cryptocurrency Tax Delayed Again, Now Set for 2029 KBS World · 2026-11-05
  2. Korea seeks another crypto tax delay over gaps in overseas data and rules Korea Times · 2026-11-05
  3. (LEAD) S. Korea to seek 2-year delay in tax on cryptocurrency gains Yonhap · 2026-11-05
  4. Democratic Party Leader Proposes Delay in Virtual Asset Taxation KBS World · 2026-11-04
  5. How other countries tax crypto gains Korea Times · 2026-11-05

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