Crypto tax in South Korea
How is cryptocurrency taxed in South Korea?
Cryptocurrency is taxed as income in South Korea at a headline rate of 22%. Long-term exemptions do not apply.
Common questions
- What is the headline tax rate for crypto income in South Korea?
- The headline tax rate for cryptocurrency income in South Korea is 22%.
- Are there exemptions for long-term crypto holdings in South Korea?
- No, South Korea does not offer exemptions for long-term cryptocurrency holdings.
- Does South Korea have a capital gains tax on cryptocurrency?
- South Korea has a 0% capital gains tax rate, but cryptocurrency is classified and taxed as income.
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.