South Korea to Start Taxing Virtual Assets From Jan. 2027

South Korea will begin taxing virtual assets from Jan. 1, 2027, according to Edaily, citing Moon Kyungho, head of the Income Tax Division at the Ministry of Economy and Finance. Under the current Income Tax Act, profits from the transfer or lending of virtual assets will be taxed at 22% on gains exceeding 2.5 million KRW. The levy consists of a 20% other income tax plus a 2% local income tax. The measure is expected to apply to roughly 13.26 million investors. Moon said the National Tax Service is drafting related guidance and has held several rounds of talks with the five major virtual asset operators, with a legislative notice expected soon.