South Korea Cryptocurrency Tax
Detailed cryptocurrency tax rates and rules for South Korea in 2026.
South Korea taxes cryptocurrency gains as other income at a 20% national rate plus 2% local income tax (total 22%) on gains exceeding KRW 50 million per year. The crypto tax was enacted in December 2024 and took effect in 2026, with the threshold raised from the originally proposed KRW 2.5 million to KRW 50 million.
Crypto Tax Status
Taxed
Treatment
Other Income (Miscellaneous Income)
Additional Notes
Taxable gains are calculated as the difference between the selling price and acquisition cost, adjusted for transaction fees. For individuals unable to provide detailed acquisition cost records, up to 50% of the sale price may be treated as the acquisition cost. Cryptocurrency businesses and exchanges are subject to normal corporate income tax. Korea requires crypto exchanges to register with the Financial Intelligence Unit (FIU) and comply with anti-money laundering regulations. Starting in the second half of 2026, businesses involved in cross-border virtual asset transactions must register and report monthly to the Bank of Korea.
How South Korea Crypto Tax compares
South Korea taxes cryptocurrency gains. 68 of 203 countries TaxAtlas tracks take the same approach, which is useful context when weighing where to live, invest, or incorporate.
