{"id":19383,"date":"2024-12-10T14:19:07","date_gmt":"2024-12-10T12:19:07","guid":{"rendered":"https:\/\/forklog.com\/en\/south-korea-delays-cryptocurrency-tax-implementation-until-2027\/"},"modified":"2024-12-10T14:19:07","modified_gmt":"2024-12-10T12:19:07","slug":"south-korea-delays-cryptocurrency-tax-implementation-until-2027","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/south-korea-delays-cryptocurrency-tax-implementation-until-2027\/","title":{"rendered":"South Korea Delays Cryptocurrency Tax Implementation Until 2027"},"content":{"rendered":"<p>The South Korean government has postponed the introduction of new cryptocurrency taxes until 2027, according to a local Telegram channel.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"pojangmacha_kr\/118\" data-width=\"100%\"><\/script><\/p>\n<p>The tax in question is a 20% levy on profits from cryptocurrency transactions exceeding 2.5 million Korean won. Authorities have been working on the relevant amendment since 2020.<\/p>\n<p>Initially, the new tax was scheduled for implementation in October 2021, but it was postponed to January 2022 due to the unpreparedness of the tax infrastructure.<\/p>\n<p>At the end of 2021, the timeline was further extended by a year to January 1, 2023. In July 2022, under pressure from the opposition, the tax implementation was delayed again to January 1, 2025.<\/p>\n<p>Earlier, on December 3, the South Korean cryptocurrency market plummeted following the president&#8217;s declaration of martial law.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The South Korean government has postponed the introduction of new cryptocurrency taxes until 2027, according to a local Telegram channel. The tax in question is a 20% levy on profits from cryptocurrency transactions exceeding 2.5 million Korean won. Authorities have been working on the relevant amendment since 2020. Initially, the new tax was scheduled for [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":19382,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[36,974,558],"class_list":["post-19383","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-regulation","tag-south-korea","tag-taxes"],"aioseo_notices":[],"amp_enabled":true,"views":"29","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19383","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=19383"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/19383\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/19382"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=19383"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=19383"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=19383"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}