Fourth Delay Looms for South Korea’s Crypto Gains Tax, Pushed to 2029

South Korea appears set to push back its crypto gains tax once more, this time to 2029. The move marks the fourth postponement of a policy first introduced in 2020. Each delay has kept traders in the country free from a dedicated capital gains levy on digital asset profits, even as the broader crypto market has matured considerably. The original plan called for a tax on crypto gains above a set threshold, mirroring treatment of other investment income. Lawmakers have repeatedly cited concerns that the market and its infrastructure were not ready for implementation.