South Korea Delays 20% Tax on Crypto-Asset Gains to 2025

Ko Kwang-hyo, head of tax policy at South Korea's Ministry of Economy and Finance, announced that South Korea has delayed the tax on crypto asset gains planned for 2023 for another two years until 2025. Previously, South Korea initially planned to impose a 20% tax on crypto from the start of 2022, but the plan was pushed back to 2023 due to heavy backlash from investors.