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South Korean gov has confiscated 260B KWR in crypto for non-payment of taxes since 2021
22.9.2022
The country began seizing crypto to offset tax arrears last year
South Korean Ministries ‘Do Not Want’ to Take Charge of Crypto-Related Regulation, Claims Official
18.5.2021
The crypto regulation crisis is on fire in South Korea, as politicians have struggled to reach agreements with top government officials to ease rulings. A local media outlet reveals that South Korean ministries “do not want” to take charge of the country’s digital assets’...
South Korea to Impose a 20% Tax on Crypto Mining Activities
8.5.2021
The cryptocurrency industry in South Korea keeps facing regulatory challenges, and it seems that dust is far from settling. Now, crypto miners will be required to pay taxes, following the same path as digital assets traders. Ruling to Take Place Starting 2022 According to a report published...
South Korean Ruling Party Contemplates Postponing Crypto Tax in a Bid to Regain Younger Votes
4.5.2021
South Korean political parties are now battling to catch younger votes amid the tough stance among higher government spheres toward digital currencies. As voters are disappointed by how parties are handling the issue, one of them has taken a step forward by talking about the forthcoming crypto tax....
Tax Authority Seizes Cryptocurrencies Worth $25 Million From Hundreds of Crypto Investors in South Korea
24.4.2021
The tax department of the Seoul metropolitan government in South Korea has reportedly seized cryptocurrencies worth about $25 million from hundreds of crypto investors with delinquent taxes. The cryptocurrencies, including bitcoin, were seized from three exchanges. The tax authority is now going...
South Korea to introduce a 20% tax on crypto trading profits in 2023
7.1.2021
After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders
South Korea’s 20% Crypto Tax Now Coming in 2023: Report
7.1.2021
The cryptocurrency tax was originally planned to be implemented in late 2021
South Korean government to delay crypto-tax rules by three months
25.11.2020
Following lobbying by the Korean Blockchain Association, crypto exchanges are given extra time to implement a new tax infrastructure
South Korea: Gov’t Seeks to Tax Crypto Transactions as Capital Gains
9.12.2019
Capital gains taxation on crypto transactions could be introduced by the first half of 2020, South Korea’s Ministry of Economy and Finance has confirmed