South Korea
South Korea’s Crypto Tax Reform Stalls as Parties Debate Timelines
South Korea’s proposed tax regime for crypto-related ventures met a bottleneck. The ruling party and the opposition disagree on 11 non-contentious tax bills. South Korea…
South Korea Signs OECD Crypto Reporting Agreement, Eyes 2027 for Implementation
South Korea has signed the OECD agreement on crypto reporting. The agreement allows the exchange of information on crypto asset transactions among OECD countries. South…
Crypto Tax Debate Heats Up in South Korea: What’s at Stake?
Political rift delays South Korea's crypto tax decision, impacting its timeline and structure. Proposed tax exemption increase could reduce crypto taxpayers to only 0.04% of…
South Korea Debates Crypto Tax Bill Today: What to Know
South Korea is set to discuss the potential implications of the crypto taxation bill in a meeting today. The bill, set to be implemented in…
South Korea Confirms Crypto Tax in 2025 With Revised 20% Scheme
The South Korean Democratic Party confirms its decision to implement a crypto tax by January 2025. Democratic Party’s policy committee Chairman, Jin Sung-joon, dismisses concerns…
South Korea Confirms 2025 Crypto Tax, Eyes Overseas Transactions
South Korea plans to apply a 20% tax on crypto gains starting in January 2025. The Democratic Party proposes increasing tax exemption to $35,900 for…
Crypto Tax Evaders Face Crackdown in South Korea
South Korea’s NTS finds that cryptocurrencies are used for tax evasion and dodging tax liabilities. The NTS filed a lawsuit against an individual who illegally…
South Korean City Seizes and Sells Crypto for Unpaid Taxes
Paju City in South Korea will sell cryptocurrencies seized from local tax defaulters. The seized assets, valued at around ₩50 million ($37,000), will be liquidated…
South Korea Debates Raising Crypto Tax Exemption to $35,900
South Korea’s DPK has proposed raising crypto tax exemption levels. The opposition party proposed raising the exemption to $35,900. Currently, the crypto tax exemptions stand…
South Korea’s Crypto Tax Decision Postponed, Uncertainty Looms
South Korea delays decision on virtual asset taxation after a tax subcommittee meeting. Key issues include tax deferrals, reporting obligations, and exemption amounts. Ruling and…
