South Korea's senior finance officials are set to meet with cryptocurrency exchanges on Tuesday to discuss the country's planned crypto tax ahead of its scheduled implementation in January 2027.
The consultation will include representatives from Upbit, Bithumb, Coinone, DigitalX, and Gopax, as well as executives from the Digital Asset Exchange Alliance (DAXA). Government participants include Kwon Dae-young, first vice minister of finance and economy, and Yoo Young-jun, director general for digital financial policy at the Financial Services Commission.
South Korean regulators have postponed the crypto tax three times, with the most recent delay pushing the implementation date to 2027. Industry representatives have cited unresolved transaction rules and insufficient time for infrastructure preparation as reasons for seeking further postponement.
An exchange official stated that standards for different transaction types remain unfinalised and that companies need more time to prepare their systems, noting there is broad industry agreement in favor of delaying the tax.
Democratic Party lawmaker Park Min-gyu has introduced a bill that would postpone the tax until January 1 of the second year after South Korea begins sharing data under the OECD's Crypto-Asset Reporting Framework (CARF). With the first exchange expected in 2027, this proposal would push taxation to 2029.
