South Korea crypto exchanges face fresh tax delay talks before 2027 rollout

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South Korea crypto tax delay talks

Highlights

South Korea's finance officials and leading crypto exchanges, including Upbit and Bithumb, meet Tuesday to discuss potential further delays to crypto taxation scheduled for January 2027.
Regulators have already postponed the crypto tax three times, with unresolved rules for transaction types and insufficient infrastructure cited as main reasons for another possible deferment.
A legislative proposal from lawmaker Park Min-gyu could delay taxation to 2029 if adopted, tying implementation to the OECD's Crypto-Asset Reporting Framework data-sharing schedule.

Consultation plans and proposed tax delay

As reported by Cointelegraph, citing Yonhap, South Korea’s senior finance officials are set to meet cryptocurrency exchange representatives on Tuesday to discuss crypto taxation. Participants are expected from Upbit, Bithumb, Coinone, DigitalX and Gopax, alongside executives from the Digital Asset Exchange Alliance, or DAXA.

Government attendees include Kwon Dae-young, first vice minister of finance and economy, and Yoo Young-jun, director general for digital financial policy at the Financial Services Commission. The consultation takes place as calls to defer the tax intensify ahead of its scheduled start in January.

South Korean regulators have already delayed the crypto tax three times, with the latest postponement moving implementation to 2027. The issue remains contentious because of political disagreement, exchange preparedness and debate over the applicable threshold level.

An exchange official tells Yonhap that unresolved rules for different transaction types and limited time to prepare infrastructure support another delay. The official says standards for different transaction types are not yet finalized and that there is a shared view in favor of postponing the start of taxation.

Political and industry implications

Pressure for another delay is also moving through the political process. On Friday, Democratic Party of Korea lawmaker Park Min-gyu introduced a bill seeking to postpone the tax until Jan. 1 of the second year after South Korea begins sharing data under the OECD’s Crypto-Asset Reporting Framework, or CARF.

If that proposal is adopted, taxation would begin in 2029 because the first exchange of data is expected in 2027. The latest debate highlights how South Korea’s crypto sector continues to face regulatory uncertainty as authorities weigh tax enforcement against operational readiness across the exchange industry.

Our earlier coverage on Pakistan’s Tax Year 2026 income tax filing deadline examined growing calls for the Federal Board of Revenue to grant an extension amid reported IRIS portal glitches and delays in finalizing the return form. The piece also noted that tax experts and business groups urged more time to avoid compliance risks and penalties while outstanding extension applications were being addressed.

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