Ruling party proposes gov't delay planned taxation of cryptocurrency

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SEOUL, Nov. 4 (Yonhap) -- The ruling Democratic Party (DP) on Wednesday formally proposed that the government postpone the implementation of taxation on cryptocurrencies, set to take effect next year.

The party's supreme council decided to make such a proposal in a meeting, considering the need to give businesses and investors time to adjust to the new taxation scheme, according to DP leader Kim Min-seok.

"We agreed that it would be better to first enact the Digital Asset Basic Act to build an overall framework and allow time for companies and investors to adapt after a comprehensive review of taxation principles, domestic industry conditions and fairness among users," Rep. Kim said.

South Korea first introduced a taxation scheme on cryptocurrencies in 2020, but its implementation has been repeatedly postponed, with the taxation now set to take effect Jan. 1. If the latest proposal is accepted, it would mark the fourth delay.

Under the scheme, annual cryptocurrency gains exceeding 2.5 million won (US$1,880) will be subject to a 22 percent tax, including the local income tax.

Kim Min-seok, leader of the ruling Democratic Party, leaves the room after attending the meeting of the party's supreme council at the National Assembly on Nov. 4, 2026. (Yonhap)

julesyi@yna.co.kr (END)

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首尔，11月4日（韩联社）——执政的共同民主党（DP）周三正式提议政府推迟实施原定于明年生效的加密货币征税政策。

据民主党领袖金珉锡称，该党最高委员会在一次会议上决定提出这项提案，理由是需要给企业和投资者时间来适应新的税收制度。

金议员表示：“我们一致认为，最好先制定《数字资产基本法》，建立一个总体框架，并在全面审查税收原则、国内行业状况和用户之间的公平性之后，给公司和投资者一些时间来适应。”

韩国于 2020 年首次推出加密货币税收方案，但该方案的实施一再推迟，目前定于 1 月 1 日生效。如果最新提案获得通过，这将是第四次推迟。

根据该方案，每年超过 250 万韩元（1880 美元）的加密货币收益将缴纳 22% 的税款，其中包括地方所得税。

2026年11月4日，执政党共同民主党党首金珉锡出席完该党在国会的最高委员会会议后离开会议室。（韩联社）

julesyi@yna.co.kr (完)

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