South Korea's National Tax Service Accelerates Preparations for Virtual Asset Taxation in 2027

According to Chosun Ilbo, South Korea's National Tax Service is accelerating preparations for virtual asset taxation in 2027, including establishing a digital asset division and implementing a comprehensive analysis system. Virtual asset investment gains are taxed at 22% after a 2.5 million Korean won exemption, while stock investors do not pay capital gains tax.

Meanwhile, a parliamentary petition with 50,000 signatures calling for abolishing virtual asset taxation remains stalled and has not been placed on the legislative agenda. Related discussions are expected to advance after the government announces its tax reform plan at the end of July.