With the Democratic Party of Korea backing the abolition of financial investment income tax, crypto asset taxation is likely to be delayed until after 2027. While current law would impose a 22% tax on profits over 2.5 million won starting next year if no changes are made, the government has proposed delaying implementation until 2027. The ruling and opposition parties will discuss this at the National Assembly on November 14, with industry experts expecting either a further delay beyond 2027 or significantly higher basic deductions, especially as the Democratic Party appears hesitant to introduce new taxation amid surging crypto prices and increasing investor profits.

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