South Korea Pushes Crypto Gains Tax Back to 2029
Seoul is seeking another two-year postponement of a 22% levy on cryptocurrency gains while extending three-year loss carryforward.
Seoul is seeking another two-year postponement of a 22% levy on cryptocurrency gains while extending three-year loss carryforward. Shiba Inu (SHIB) is trading at ₹0.000448 ($0.00000474), down 0.2% since this brief published. This is an original Token Times brief synthesising 4 outlets (BeInCrypto, Unchained, Cryptopolitan, and others), plus live market data, as of Thu, 05 Nov 2026 12:30:01 UTC.
The proposal would give South Korean crypto investors more time before the planned gains tax and preserve a mechanism for offsetting losses, but its timing and design remain important for taxation policy across the region.
- South Korea is seeking to move its crypto gains tax from January 2027 to 2029.
- Unchained reports a proposed 22% rate and three-year loss carryforward.
- BeInCrypto calls this the fourth delay, contrasting Seoul with Hong Kong.
- Bitcoin is up 2.30% over 24 hours; the Fear & Greed index is neutral at 50.
All three outlets cover South Korea’s renewed effort to postpone its cryptocurrency gains tax, with BeInCrypto and Unchained providing the explicit timing and tax details in their supplied summaries. BeInCrypto says the planned start would move from January 2027 to 2029 and describes it as the fourth postponement, while Unchained identifies a proposed 22% rate, a two-year delay and a three-year loss carryforward following Finance Minister Lee Hyoung-il’s comments. Finbold’s supplied coverage shifts attention toward Shiba Inu and a rally from late summer into early October rather than adding tax figures; no numerical contradiction appears among the available excerpts, but Finbold provides less direct detail on the policy in the material supplied.
- South Korea Proposes 2029 Delay for 22% Crypto Tax Implementation
- South Korea Pushes Crypto Gains Tax Back to 2029 — this brief
South Korea is moving to delay its long-awaited tax on cryptocurrency gains again, with the planned start pushed from January 2027 to 2029. BeInCrypto describes the proposal as the fourth postponement of the levy, while Unchained reports that Finance Minister Lee Hyoung-il said Seoul would seek a two-year deferral. The decision comes as the government considers how digital-asset profits and losses will be treated under a tax framework that has repeatedly been delayed.
Unchained provides the most detailed account of the proposed terms. The 22% crypto gains tax would be postponed for two years and paired with a three-year loss carryforward. Lee’s comments came one day after the ruling Democratic Party called for a delay, placing the proposal against a stated political push for additional time before the tax takes effect.
The coverage broadly corroborates another postponement, but it emphasizes different aspects. BeInCrypto focuses on the repeated rescheduling and contrasts South Korea with Hong Kong, which approved a crypto tax-reporting law on Wednesday. Unchained supplies the rate, carryforward period, timing of the minister’s announcement and the Democratic Party’s position. Finbold’s supplied excerpt takes a more market-oriented angle, noting a 
Shiba Inu rally that ran from late summer into early October without providing additional tax figures in the available text.
Hong Kong’s approval of tax-reporting legislation provides the immediate regional contrast highlighted by BeInCrypto. South Korea is instead pursuing a deferral of its planned gains-tax regime, including the proposed loss carryforward. The difference is one of timing and approach rather than a shared reporting rule: Seoul is seeking to postpone taxation of crypto gains, while Hong Kong has advanced a law requiring reporting.
Current data show a broadly positive crypto market, with total market capitalization at $2.75 trillion and 
Bitcoin up 2.30% over 24 hours. The Fear & Greed index stands at 50, classified as Neutral. Shiba Inu trades at $0.00000475, up 1.16% over 24 hours but down 2.65% over seven days, and carries a $2.8 billion market capitalization. The next points to monitor are whether the proposed 2029 timing and three-year loss carryforward proceed as described and how South Korea’s approach compares with Hong Kong’s newly approved reporting regime.
Since this brief published about 4 hours ago, Shiba Inu (SHIB) has moved from ₹0.000449$0.00000475 to ₹0.000448$0.00000474 — -0.21%.
The chart plots SHIB's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SHIB ≈ ₹0.000497 (about $0.00000474), up 1.8% over 24 hours. The rupee itself trades about 10.8% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
South Korea Pushes Crypto Gains Tax Back to 2029 — questions & answers
When would South Korea’s crypto gains tax now begin?
The proposal would move the planned start from January 2027 to 2029, according to BeInCrypto and Unchained.
What tax rate and loss provision are proposed?
Unchained reports a 22% tax on crypto gains alongside a three-year loss carryforward.
How does Hong Kong’s approach differ?
Hong Kong approved a crypto tax-reporting law, while South Korea is seeking to postpone its gains tax.
How much is 1 Shiba Inu worth in rupee today?
About ₹0.000497 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $0.00000474. The rupee price moves with both SHIB's US-dollar price and the USDT/INR rate; use our Shiba Inu in rupee page for any amount.
Has Shiba Inu's price moved since this brief was published?
SHIB is down 0.21% since this brief first published — trading at ₹0.000448 ($0.00000474) now versus ₹0.000449 ($0.00000475) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from BeInCrypto, Unchained, Cryptopolitan, Bitcoin.com, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.