Crypto tax in South Korea
Crypto in South Korea is taxed as ordinary income.
Treatment
taxed as ordinary income
Long-term
Still taxed
Headline rate
22%
From 1 January 2027, an individual’s net annual gains from disposing or lending crypto above a small allowance are taxed as ‘other income’ at a flat 22% (20% national + 2% local), with no lower rate for long-term holding.
“According to the Ministry of Economy and Finance’s confirmed plan under the revised Income Tax Act, profits generated from the transfer or lending of virtual assets will be classified as ‘other income’ and, beginning in January 2027, annual gains exceeding 2.5 million won will be subject to a combined 22% tax rate, consisting of a 20% income tax and a 2% local income tax, with no distinction based on the holding period.[2][1][5]” — Ministry of Economy and Finance (MOEF), Republic of Korea
Reflects the treatment of an individual's crypto disposals. Estimate — confirm against the linked source. See methodology.