South Korean Lawmaker Calls for Scrapping 22% Crypto Tax Before 2027

TLDR

• South Korea lawmaker urges repeal of 22% crypto tax before its 2027 launch.

• Park says the planned crypto levy unfairly targets around 13 million users.

• Crypto gains above 2.5 million won would face a combined 22% tax rate in 2027.

• Park warns the tax could push more Korean crypto capital to overseas markets.

• Loss carryforward rules add pressure to South Korea’s growing crypto tax debate.

South Korea faces renewed pressure to scrap its planned 22% tax on crypto gains before January 2027. People Power Party lawmaker Park Soo-young criticized the levy after comparing it with domestic stock taxation. His intervention adds pressure as the government prepares to implement the measure.

South Korea Crypto Tax Faces Fresh Political Pressure

Park said the tax unfairly targets about 13 million digital asset users across South Korea. He argued that policymakers removed the financial investment income tax while retaining a separate crypto levy. That difference supports opposition calls for repeal or another delay.

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