{
  "id": 18283536,
  "title": "South Korea seeks 4th crypto tax delay, targets 2029 start",
  "url": "https://urgent.news/2026/11/05/south-korea-seeks-4th-crypto-tax-delay-targets-2029-start",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T09:35:29.000Z",
  "source": {
    "name": "Cointelegraph",
    "slug": "cointelegraph",
    "url": "https://cointelegraph.com/news/south-korea-crypto-tax-fourth-delay-2029"
  },
  "original_language": "en",
  "account": "South Korea is requesting a fourth extension to its 22% cryptocurrency tax, following prior postponements that pushed the tax's start date to January 2027, then 2025, and most recently 2027. Finance Minister Lee Hyoung-il announced the latest proposal on Thursday, stating the government will seek lawmakers' input on delaying the January 2027 implementation. The tax would levy a 22% fee, combining a 20% income tax and a 2% local tax, on annual crypto gains surpassing 2.5 million won ($1,860). The government highlighted 2029 as the commencement of information sharing with the US under the Crypto-Asset Reporting Framework (CARF), arguing that initiating the tax before this exchange could place the domestic market at a competitive disadvantage. The government also aims to incorporate adjustments from proposed digital asset legislation. Officials further revealed plans to introduce a three-year loss carryforward provision, enabling investors to offset crypto losses against profits in the subsequent three years. The government intends to submit amendments to refine the tax system during the parliament's regular session in 2027, with comprehensive tax guidelines set for the first half of 2028. This proposal reverses the government's earlier stance; it was initially slated for implementation in January 2022 but has been postponed multiple times. South Korean finance officials have recently consulted with major crypto exchanges, responding to mounting calls for the tax's postponement due to unresolved tax rules for various transaction types and insufficient time to develop the required infrastructure.",
  "summary": "South Korea is seeking a fourth delay to its 22% crypto tax, months after reaffirming plans to begin taxing digital asset gains in January 2027.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 4,
    "also_reported_by": [
      {
        "outlet": "Dev.to",
        "title": "North Korea is likely culprit behind $6.3bn crypto hack, ‘largest heist in history’",
        "url": "https://urgent.news/2026/11/04/north-korea-is-likely-culprit-behind-6-3bn-crypto-hack-largest-heist",
        "published": "2026-11-04T22:02:23.000Z"
      },
      {
        "outlet": "Nikkei Asia",
        "title": "North Korea's patient cyber operations pay off in crypto",
        "url": "https://urgent.news/2026/11/05/north-koreas-patient-cyber-operations-pay-off-in-crypto",
        "published": "2026-11-05T00:00:51.000Z"
      },
      {
        "outlet": "The Korea Times",
        "title": "[COVER STORY] Why does Korea keep delaying its crypto tax?",
        "url": "https://urgent.news/2026/11/05/cover-story-why-does-korea-keep-delaying-its-crypto-tax",
        "published": "2026-11-05T07:32:04.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}