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Crypto Tax in South Korea

A structured summary of how individual crypto taxation works in South Korea — the tax regime, headline rate, accepted cost-basis methods, exemptions and anti-avoidance rules.

General information generated from our jurisdiction dataset, not tax advice. Rules change — verify with a local professional.

Individual crypto tax — South Korea

General Information

Default Framework
IFRS
Crypto Classification
Intangible Asset, Inventory
Tax Year
Calendar Year (M12)
Functional Currency
KRW
FX Source (Reporting)
BOK
FX Source (Tax)
NTS
Transaction Rate
Daily Spot
Hyperinflationary
✗ No

Individual Tax — Regime

Tax Regime
Special Regime
DEFERRED TO 2027. When enacted: 20% (+ 2% local = 22%) on gains exceeding KRW 2.5M per year. Currently NO crypto tax for individuals.
Tax Rate
0%
Currently 0% (deferred). When enacted: 22% effective on gains >KRW 2.5M.

Individual Tax — Cost Basis

Measurement Basis
Historical Cost
Cost Method
WAVG
Method Electable
✗ No
Permitted Methods
WAVG
Country Override
Standard

Individual Tax — Exemptions

CGT Exempt
✓ Yes
TAX DEFERRED TO 2027. Originally 2021, delayed to 2023, then 2025, now 2027. Framework still under development.
Holding Period
HP Benefit
Annual Exemption
KRW 2,500,000
Threshold Exemption
KRW 2,500,000 (Freibetrag (Allowance))

Individual Tax — Anti-Avoidance

Wash Sale
✗ Off
Same-Day Rule
✗ No
Superficial Loss
✗ No
Loss Restriction
Unrestricted
Loss Carryforward
Unlimited
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Is crypto taxed for individuals in South Korea?

South Korea applies a Special Regime treatment to individual crypto. The table above shows the headline rate, cost-basis method and any exemptions.

Which cost-basis method does South Korea use?

See the cost-basis section above for the default method and the alternatives South Korea permits for individuals.

Other jurisdictions

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