South Korea Crypto Tax: Fourth Delay to 2029 Under Review - Bitcoin Foundation

South Korea's crypto taxation framework is back in the spotlight, with a fourth delay—this time pushing implementation to 2029—reportedly under review. The development, highlighted by the Bitcoin Foundation, continues a pattern of repeated postponements that have kept the country's planned levy on virtual asset gains in limbo rather than in force.

For market participants, the signal matters more than the specifics. Each delay reduces near-term compliance obligations for domestic investors and exchanges, but it also prolongs regulatory uncertainty. Businesses planning around the tax—record-keeping systems, reporting infrastructure, and investor disclosures—must continue to prepare for a framework whose start date has shifted multiple times. The repeated deferrals suggest lawmakers remain sensitive to investor protection and market maturity concerns, while critics argue that postponement alone does not resolve underlying questions about scope, thresholds, and enforcement.

What to watch: whether the review translates into formal legislation confirming the 2029 timeline, and whether accompanying rules on reporting and asset classification emerge alongside it. Clear, final guidance—not another delay—would give both retail investors and service providers a firmer basis for long-term planning.