South Korea Proposes Delaying 22% Crypto Tax to 2029 with Three-Year Loss Carryforward

South Korea's government said on Nov. 5 it would seek a two-year postponement of crypto income taxation to 2029, alongside a proposed three-year loss carryforward to offset later gains. The change still requires legislation, and the National Tax Service continues to list January 1, 2027 as the scheduled start. The government cited expected crypto transaction-information exchange with the United States from 2029 and anticipated digital-asset legislation as reasons.