South Korea
Crypto capital gains tax delayed AGAIN to 2027. Currently 0% as the 20% tax keeps getting postponed. When implemented: 20% on gains >2.5M won (~$1,900). Massive crypto adoption (millions of traders).
FATCA Partner
Yes
FATF Status
Clear
EU Blacklist
No
Dual Nationality
Not allowed
Bitizenship
Not yet
Tax Rates
Activity Taxes
Staking
Currently untaxed; will be covered under planned regime
Mining
Currently untaxed; will be covered under planned regime
DeFi
Currently untaxed
NFTs
NFT-specific tax laws planned by 2026
Taxable Events
Crypto → Fiat
Not taxable
Crypto → Crypto
Not taxable
Holding Period
No holding period benefit
No holding period benefit planned
Regulation & Residency
Regulatory Body
FSC (Financial Services Commission); National Tax Service
Residency Requirement
D-8 corporate investment visa; F-2 residency; E-7 skilled worker
Reporting Requirements
Exchange-level reporting exists; individual reporting will increase with tax implementation
Citizenship & Residency Path
F-2 visa via investment ($500K+); citizenship after 5 years residency
Notable Conditions
- →20% crypto tax originally planned for 2021, repeatedly delayed
- →Latest postponement to 2027 (agreed Dec 2024)
- →Exemption threshold: ~2.5 million won annual gains
- →Extremely high crypto adoption rate
- →Strong regulatory framework despite tax delays
- →Currently a de facto 0% crypto tax country
Living & Lifestyle
Cost of Living
Moderate-High
Banking Access
Excellent
Quality of Life
Very High
Lifestyle Scores