South Korea is leaning toward delaying its crypto gains tax, due to start in January, until 2029, which would be a fourth postponement. Officials are concerned that users of domestic exchanges would bear most of the burden because the U.S. will not share crypto trading data until 2029, and one official said almost half the crypto market is in the U.S. Deputy Prime Minister Koo Yun-cheol had said in July the tax would take effect in January 2027, but his successor, Lee Hyung-il, said he would gather views from parliament, experts and industry. Under current rules, annual net income from crypto transfers or lending is taxed at 20%, or 22% including local income tax, after a 2.5 million won ($1,887) deduction. Parliament must approve the change, with a final decision expected by early December.
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Related tickers and likely impact
BTC/USDT
• NeutralBitcoin
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $1.6T |
| Close on 10/25/2026 | 80,154.09 |
| Change that session | -0.91% |
ETH/USDT
• NeutralEthereum
Relevance: low
| Market | Crypto |
|---|---|
| Exchange | Binance |
| Sector | Layer 1 |
| Market cap | $285.6B |
| Close on 10/25/2026 | 2,329.87 |
| Change that session | -1.23% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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