South Korea's NTS recovered $23 million in overseas tax evasion and plans an AI system to track crypto transactions by 2026. The opposition party pushes to cancel crypto tax, introducing uncertainty into the market.
South Korea's National Tax Service recovered $23 million in overseas tax evasion and plans an AI-based crypto tracking system by 2026, with automatic data exchange from 56 countries by 2027, sparking privacy and fairness debates.
South Korea confirms a 22% tax on crypto gains above $1,800 starting January 2027, affecting ~13.26 million investors. The government rejects further delays, while major exchanges cooperate on tax reporting systems.
South Korea confirmed a 22% tax on crypto gains above $1,800 starting January 2027. The government rejected further delays, coordinating with top exchanges to develop tax reporting systems. Overseas and DEX trading will be monitored via CARF framework.
South Korea's Ministry of Economy and Finance confirmed a 22% tax on annual crypto gains exceeding $1,800 (2.5 million won) starting January 2027. The policy affects ~13.26 million investors, with major exchanges coordinating tax reporting systems. Government rejected further delays.
South Korea's Ministry of Economy and Finance has confirmed a 22% tax on annual crypto gains exceeding $1,800 (2.5 million won) starting January 2027, affecting over 13 million investors. The government rejected further delays despite political pressure.
South Korea's government has reformed the 'New Start Fund' debt adjustment program for small business owners and self-employed individuals, officially incorporating virtual asset holdings into repayment capacity evaluations. Since January 2026, the program has collaborated with the five major won-based crypto exchanges to require direct submission of virtual asset balance certificates. This marks the first time crypto asset data has been integrated into personal debt restructuring in the country, setting a new standard for regulatory compliance and credit risk management.
