South Korea's cryptocurrency taxation policy has been delayed again, with implementation originally scheduled for January next year.

The South Korean presidential office has decided to postpone the cryptocurrency income taxation policy that was originally set to take effect on January 1 next year. The South Korean government established taxation on virtual asset gains when it amended the Income Tax Act in 2020, and this policy has already been postponed three times. Under the amended Income Tax Act, annual gains from the transfer and lending of virtual assets, after deducting the basic exemption of 2.5 million Korean won, are subject to a combined tax rate of 22%, including other income tax and local income tax.